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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...
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...
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...
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