In this TAXO'D blog post we cover the HMRC SEISS grant (Self Employed Income Support Scheme). Find out if you are eligible, how much money you may be entitled to and the application process.
The Self-Employment Income Support Scheme (SEISS) is made up of four taxable Government grants for self-employed individuals. It provides critical support to the self-employed in the form of 4 grants.
A self-assessment tax return (2019/2020) is a bleak affair. The good news is you can keep your tax to a minimum (and TAXO'D the taxman) by knowing your Allowable Expenses, Tax Reliefs & Refunds.
A self-assessment is a horrid affair which becomes more difficult (and costly) the later you leave it. Avoid these costly and common mistakes (and TAXO'D the taxman) when filing your tax return
If you are not employed by an employer but are receiving an income than you need to complete a Self Assessment Tax Return so HMRC can assess how much income tax and national insurance you need to pay.
For the first time in the 24 year history of self-assessment, HMRC are waiving fines on personal tax returns. Payment still needs to be made by January 31st but the paperwork can be submitted by February 28
In March 2019 HMRC closed their online services portal - HMRC Government Gateway. Since then UK tax filers have been filing their Self Assessment tax return at the replacement system, HMRC Online Services.
The housing market is changing. Holiday Lets and Furnished Holiday Lettings using Airbnb are proving more profitable for landlords, but this income will still need to be declared in your self-assessment.
In the UK, HMRC is making UK business go digital. Making Tax Digital (MTD) requires all involved to maintain digital records and use only approved and compatible software to file tax returns.
Thinking about working for yourself? Then you will need an understanding of the taxes you will pay to HMRC. Here is the TAXO'D basic guide to: Understanding Income Tax for Freelancers and the Self Employed.
In this TAXO'D blog post we discuss Income Tax, National Insurance (and how they are both calculated) and other tax benefits that you may be entitled to as a freelancer or a director of your own company.
If you are a delivery rider/driver for one of the UK delivery platforms (Just Eats, Foodhub, Zomato, Deliveroo, Uber Eats) then this TAXO'D guide aims to inform you of your tax obligations on your earnings.
So yesterday, Uncle Rishi put out his budget (on a little dishy?) Some it was expected and some, not so expected. What it means for freelancers, self-employed and small businesses (SME)
Working as a freelancer and being self-employed means you are always looking for avenues to save money on your tax bill. When travelling for work purposes you should be claiming it as business mileage.