by Steve | Dec 4, 2020 | Personal Finance, Saving, Saving Money
If you’ve been saving for a little while and watched your rainy-day pot grow into a nest egg, then you may be starting to wonder what kind of tax you’ll need to pay. The rules around tax savings can be a little bit complicated, so we’ve tried to lay...
by Susan | Apr 3, 2019 | Accounts, Business
Because businesses pay tax on their profits, they can claim the tax back on things they have brought for business purposes. This can help you to save a lot of money if used properly but can also get you into some serious trouble if you abuse the system. We’ve...
by Steve | Nov 29, 2017 | Business, News, Personal Finance
It’s one of the biggest concerns for the self-employed: Fail to hand your tax returns in on time and you face a £100 fine. Now, according to insiders, the Government is looking at removing the fine. Last year, 840,000 people were automatically slapped with the...
by Steve | Oct 20, 2017 | Personal Finance
This could herald the end of tax returns as we know it – one day, at least. The HMRC are introducing a new, simplified self-assessment form for some taxpayers. Ask any company director or self-employed freelancer and they’ll tell you the same thing: Few things...
by Steve | Mar 16, 2017 | Business
The self-employed took a collective sigh of relief last week, when Chancellor Philip Hammond announced a dramatic U-turn on raising Class 4 national insurance contributions. But the news doesn’t mean the self-employed are out of the woods yet.The...