Self-Assessments and Tax Credits: What You Must Do
Are you receiving tax credits, such as the Child Tax Credit or the Working Tax Credit? Did you, or do you need to, complete a 2016/17 Self-Assessment Tax Return? you may need to report your final income details to the Tax Credits Office.
What’s new in tech? A look at CES 2018
The annual Consumer Electronics Show (CES) took place in Las Vegas over four days, from 9 January to 12 January 2018. Calling itself “the global stage for innovation” in the consumer technology field, CES brought together a plethora of prototypes, ideas and ready-to-market consumer products.
The self-assessment deadline is looming: don’t incur a late penalty
Self-assessment tax returns, otherwise known as Personal Tax Returns, declare your personal earnings outside of the Pay As You Earn (PAYE) system. It indicates the amount of tax you owe to HMRC or the tax refund you may be entitled to.
Is it time to re-evaluate your take home pay in 2018?
The New Year is a great time to set new goals and reaffirm existing ones. It may also be the right time to make changes in your life and career where appropriate – including re-evaluating your take home pay.
3 Tips for securing a new contract role in 2019
The New Year is around the corner. Contracts are up for renewal, terms are ending, and clients will be finalising their hiring budgets. There’s no better time to look for a new contract role, and we have 3 tips to help you find a new contract in 2018.
HMRC Plans a New Penalty System for Late Tax Returns
HMRC is planning to implement a points-based system for those that are late filing their self-assessments (Personal Tax Returns) and other taxes such as VAT Returns. Currently the penalty for late Personal Tax Returns is £100 instantly for filing late up to three months past the 31st January deadline.
HMRC will no longer accept personal credit cards for tax payments
From 13th January 2018, HM Revenue & Customs will no longer be accepting personal credit cards for tax payments. If you are a sole trader or a limited company director, this affects you.
Autumn Budget 2017 Summary – Key Announcements
Chancellor Philip Hammond presented his Autumn Budget 2017 to the House of Commons on Wednesday, 22nd November 2017. It outlines the government’s plans for spending, borrowing, taxes and other fiscal measures. Read our Budget summary to see the key announcements and what could affect contractors and freelancers in the UK.
What’s the difference between a contractor and a freelancer?
You have probably seen the terms ‘contractor’ and ‘freelancer’ thrown about online quite often, especially if you’re searching for an accountancy service. If you take on some form of temporary or project-based work, either wholly as a career or on the side of your permanent job, you will likely fall into one of these two categories.
3 Tips to Make Contracting this Christmas Season Stress-Free
Festive season has officially begun. Between contracting, Christmas parties and gift shopping, the next couple of months will be very busy. So we’re giving you three tips to help get you smoothly through the holiday season.