tax return

A tax return is a form require by HMRC to be completed. It calculates how much tax you are required to pay over a year.

Making Tax Digital ITSA Delayed

Making Tax Digital ITSA Delayed

HMRC have announced that making tax digital ITSA has been delayed to April 2024. ITSA is Income Tax Self Assessment. In this article, we will look at the following: What is Making Tax Digital (MTD) Making Tax Digital Deadlines The plans for Income Tax Self Assessment Why the delay? How to comply with MTD What is Making Tax Digital? Making tax digital is part of HMRC’s…

Bookkeeping for Self Employed

Bookkeeping for Self Employed

Are you looking for bookkeeping for self employed? If you are either a sole trader or in a partnership, you will need to register as self-employed with HMRC. You will be required to complete a self assessment tax return on an annual basis. Read our information on registering as self employed. On a self-assessment tax return, unless you have profits over £85,000, you do not need…

Making Tax Digital for Business

Making tax digital for business will start affecting the smaller businesses which are not registered for VAT. It is expected to commence in April 2019. It is still unclear from HMRC if it will include all small businesses or if very small ones will be excluded. Small companies will have to submit their accounts online to HMRC quarterly, which is in line if you are VAT…

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Self Assessment Deadline for 2014

If you are self-employed the self assessment deadline for 2014 is fast approaching. If you run your own business, it can be very difficult finding the time to complete your accounts on time and filing the documentation to HMRC. For the year ending 5th April 2013, the deadline date is 31st January 2014. Even if you have filed your return don’t forget to make the payment…