The Self Assessment tax return deadline is almost upon us. If you haven’t completed your online return by midnight on the 31st January, you face a minimum penalty of £100 – even if you don’t owe any tax. We’ve compiled nine easy tips to help you survive this deadline.
With the 31st January Self Assessment tax deadline looming, it’s important to understand that you will not escape the automatic £100 penalty if you submit late – unless you have what HMRC deems a “reasonable excuse.”
If you’re a self-employed contractor or freelancer, following these five handy tax tips will help you cut down on your tax bill.
Small businesses often regard marketing as an unnecessary expense, but there are dozens of cost-effective techniques that startups and SMEs can use to promote themselves. Here are eight smart ways to market your business on a shoestring budget.
The UK is lacking a number of skilled people in various industries. Could your skill set be in demand without you even knowing it?
In his Autumn Statement, Chancellor George Osborne claimed that he’s “backing Britain’s businesses all the way.” By the time April 2014 rolls around, 300 000 shops, restaurants and pubs will have received the Chancellor’s much-needed small business tax relief.
It pays to have a sound growth strategy and a solid plan of action for 2014. Our business aficionados at 1st Contact Accounting share five ways to capitalise on current global trends and take your business to the next level.
In his recent Autumn Statement, Chancellor George Osborne vowed to investigate umbrella companies that class their employees as self-employed, when they are not. If you’re a contractor employed by an umbrella company, Osborne’s crackdown on ‘disguised employment’ might affect you.
Expats are advised to keep a daily record of their visits to and from the UK after the HMRC introduced a Statutory Residence Test to target non-residency tax claims.
Nine million people in the UK are required by law to submit a Self Assessment tax return – you could be one of them without even knowing it.
Chancellor George Osborne gave his much-anticipated Autumn Statement yesterday. Our Accounting team have provided their expert insight into the speech, and how it might affect you.
If you missed the end of October deadline for submitting your paper tax return, you can still complete your Self Assessment return online and submit it by 31 January 2014.
Today is the fifth National Freelancers Day, celebrating the great role that freelancers play within the economy. The day aims to bring together “business leaders, political heavyweights and independent professionals to reflect on the power of the freelance model.”
Whether you need to send money home to loved ones, pay off debt, buy a new home, repatriate your funds or invest overseas, it pays to choose a great forex broker. Here are four qualities to look out for.
House prices are on the up, thanks to the UK government providing just enough stimulation for first-time buyers to enter the market.
On the 1st of October 2013, changes came into force whereby the national minimum wage (per hour rate) has been raised.
Tax return season is drawing ever nearer. But the sooner you send us your tax information, the more you’ll save.
As part of the UK government’s efforts to clamp down on tax evasion and retrieve around £125bn in tax held secretively in Swiss bank accounts, the UK and Switzerland began the monthly exchange of tax information on 31 July.
Considering giving up permanent employment to become a contractor? Before you hand in your resignation letter and print those business cards, it’s vital that you have looked at every aspect of your decision.
In an attempt to boost job creation, George Osborne announced in the most recent budget speech that every UK employer will receive a £2,000 cut from their National Insurance Contributions (NICs).