Make Money form Home. Legitimate ways to make enough money to live on, working from home during Lockdown.
Last time we donned our designer face coverings, hand sanitised (more than just our hands), and jumped feet-first into: 'Working from home in 2020. How to keep the money coming in during COVID19.'
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.
Did you know you can spread the cost of your Self-Assessment tax bill? You can pay in instalments with a HMRC payment plan.
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.
If you work as freelancer / are self-employed then you will need to apply for a UTR. Which is a number assigned by HMRC to be able to complete your Self-Assessment Tax Return.
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.
If you are ineligible, HMRC will help you to understand why and guide you otherwise. The good news is that there are quite a few financial support schemes now available and if you need financial support...
Working freelance can be lonely. Yes, lots of buzzy client meetings etc., but at the end of the day, you have to face getting on with the work by yourself. Here are 8 ideas which you can start doing today.
In this TAXO'D Skool blog post we learn all about how to file your self-assessment tax return. Tax Knowledge is Personal Finance Power.