Self-employed and need to file your first Self Assessment tax return?

Self-employed and need to file your first Self Assessment tax return? 21 things you need to know! Article by GoSimpleTax So, you’ve gone self-employed in the past year or so and need to report taxable  income via Self Assessment? Great. Only problem is – you haven’t completed a Self Assessment tax return before. Gulp. In...


Ditch the jargon – The self-assessment Explained

Understanding Self Assessment can be challenging for many self-employed people. The technical information can be difficult if not impossible to understand, while – let’s face it – it’s hardly the most interesting subject. And the use of tax terminology rather than plain English can literally leave many people scratching their head when they’re reading information...


Do I need to file a Self Assessment tax return and what if I’ve received a COVID-19 grant?

More than 12m people file a Self Assessment tax return each year, which is almost a fifth of the UK population. They include sole-trader bricklayers, plumbers and plasterers, as well as hairdressers, cake makers and chefs, and self-employed tutors, translators and tattoo artists. People of all occupations, trades and backgrounds work for themselves. Sole traders...


2021/22 Tax Changes Sole Traders Need To Know

If sole traders want to prepare for the 2021/22 tax year, they need look no further than Rishi Sunak’s much-talked-about Budget. In it, the Chancellor promised to do whatever it takes to protect jobs and livelihoods, and outlined how the government intends to support the self-employed. To save you the trouble of researching each change,...


5 Reasons To Use Digital Software Over HMRC

If you have earnings outside of PAYE, you might be familiar with the Government Gateway system. It’s HMRC’s portal for Self-Assessment users and, come January, it’s alive with sole traders, landlords and others hoping to file on time. The only trouble is, it isn’t the easiest to navigate. If you’re a first-time user, setting up…


A tale of 2 photos

What happens when COVID-19 strikes and you’re trying to run a start-up business that you’ve ploughed your life savings into? You lose you mojo. This is what happened to me. I’m sharing my story ‘warts and all’ in the event that others whose businesses may be struggling through this pandemic, may find a bit of...


What Does the SEISS Extension Mean For Your Clients?

What Does the SEISS Extension Mean For Your Clients? Just a month after the government announced support for sole traders in the form of the Self-Employment Income Support Scheme, or SEISS, 2 million claims were made, totaling £6.1 billion in government support. Now, with a second grant opening in August 2020, a number of sole...


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