Free Webinar Making Tax Digital for Income Tax- Why You Should Prepare Now
Thurs June 16th, GoSimpleTax and ListenToTaxman bring you a free webinar on Making Tax Digital for Income Tax. Sign up here...
End of Tax Year planning;
Use your Allowances to reduce your tax bill (Updated for 2021/22)
Last minute Tax Planning. Our guide to what annual allowances you have and how to use them to reduce your tax bill.
A breakdown of late Self-Assessment fines and penalties
Here we show just how much a late return and /or a late payment on your self-assessment could cost you.
Self-Assessment Guide by Listentotaxman
Our guide to making your online self-assessment return with tips on reducing your tax bill and avoiding fines.
Self-Assessment, Expenses you can claim back as an employee
Wondering what everyday work expenses you can claim back on your self-assessment form? Here are some expenses that a PAYE paying employee can claim. Note these can also be backdated.
Working from home - allowances for the self-employed (updated for 21/22)
Self-employed guide to claiming allowances for working at home
Self-Employed Expenses made Simple
This guide explains what expenses can be used to reduce your tax bill. There may be a few you had not thought of!
How will NIC increases to pay for health and social care affect you?
GoSimple Tax article on the social care tax rise passed in yesterdays Commons vote. How will it effect sole traders, employees and landlord's?
Making Money Online: When A Hobby Becomes Taxable Income
Wondering about the tax implications of a hobby? When do you need to let HMRC know?
Guide: Payment on Account Updated 2021
An updated Guide to Payment on Account for the Self-employed for 2021/22
Increase in minimum wage to £9.50 per hour
April 1st brings the annual increase in the Minimum Wage rates.
The Self Assesment extension and what it means to you?
If you missed the 31st of January filling and payment date for your return, you may want to read this article.
Last Minute Tax Return Guide- Get it Over the Line, on Time!
Left your Self-Assessment tax return to the last minute? Don't fear, ListenToTaxman's Last Minute Filing Guide is here.
Tax free alternatives to the Staff Christmas Party in the time of COVID
While the annual Office Christmas Party may be scaled down, abandoned or moved online this year, there are other tax free ways to reward your employees and directors after a tough year for all.
Who needs a UTR number anyway?
A Unique Taxpayer Reference (UTR) number is required by all sole traders, partnerships and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever.
Get thee to the Pub! Our summary of Sunak's Boozy Budget statement.
Some help for lower income families, as long as they are working families. Our take on a not so green budget day for the UK.
Increase in minimum wage to £8.91 per hour
April 1st brings the annual increase in the Minimum Wage rates.
HMRC extend Self-assessment deadline. Extended to February 28th due to Covid.
No £100 fine for late self-assessment if it is made before February 28th- but taxes due will still be hit with interest.
1 good reason to complete your Self Assessment over the holidays
Complete your self assessment form online before the 30th December and if your tax bill is less than £3,000 you can have your payments spread throughout the year rather than in one lump sum on Jan 31st
Self Assessment - why file your 19/20 tax return NOW? Why not just leave it?
The advantages of filing your 19/20 tax return now.
Property Capital Gains Tax - Upcoming Changes in 2020
Everything you wanted to know, but were afraid to ask
Start The New Year Right – File Today
January 31st marks the deadline for your Self Assessment tax return. If you have yet to submit, it’s now more important than ever to prepare your documentation and receipts – and get back to earning. COVID update 2020 deadline changed to 28th of February.
Stress-less tax returns (well almost)
Dreading January? As a self-employed sole trader, we’re going to guess that’s a yes – unless you’ve managed to file your Self-Assessment tax return already. Getting this monumental task completed early is no mean feat. But it is possible to get through the tax season without experiencing a stressful sprint to 31st January.
Capital Gains Tax on Rental Property (Buy-to-let) 2019
Our latest tax feature, this time focusing on Capital Gains Tax, exploring the basics and full of tips to reduce your CGT liability.
Are You Declaring All Of Your Earnings To HMRC?
Our guide to help you declare all additional income to HMRC. Not doing so can end up being an expensive mistake.
Company car tax for business owners
What are the tax implications of buying a company car from a tax perspective? Take a look at our indepth analysis.
Scotland Vs England And Wales: What Are The Differences In Tax?
There are significant differences to how much tax you pay in Scotland in comparison to England.
The Lesser-Known Tax Changes That Might Impact You
Following the start of a new tax year, it’s always useful to stay abreast of changes to your responsibility. Certain legislative updates in 2019 have been overshadowed by the spectre of Making Tax Digital for VAT, causing smaller (but significant) changes to be overlooked.
How to pay less tax in 2019-20 for Small Business Owners
Could you be better off financially by changing from a sole trader to a limited company? Let's take a look at an example.
7 common reasons you could have the wrong Tax Code
Your Tax Code tells your employer how much tax to take off your pay. What if your code is wrong? In the past 4 years, 1 in 3 employed taxpayers have been overcharged tax because their employer has received the wrong code from HMRC!
14 Reasons why you may be due a tax refund
Almost 1 in 3 PAYE employees may have paid too much tax. We have put together a list of 14 reasons why you might be owed money by HMRC.
Student Summer Jobs and Tax, all you need to know.
Student Tax Tips! Whether you are juggling two or three jobs throughout the tax year, or have taken up a Summer Job for a few months, getting your tax in order will save you money.
Ways to save on your tax bill - top tips from GoSimpleTax
It’s always a good idea to have a thorough look at your tax tactics. Substantial savings can be put in place if you evaluate what you paid the previous tax year, and how that could be reduced when it comes to your next Self-Assessment.
When you've finally figured out how much you owe HMRC, you'll need to pay them. Here are your options, and it's not as straight-forward as you may think!
Working from home - allowances for the self-employed
If you work from home, understanding and calculating the expenses you claim can be a murky area. Guidelines and examples are given by HMRC, but these examples do not cover every scenario.
Top tips on DIY self-assessment tax returns
Some people are put off producing their own tax return – keeping up on the latest tax legislation, completing the necessary forms and recording expenses can all feel a bit of a bind. If this is you, then taking the DIY approach can be much easier than you might think, and you can save on around £250 (the average cost an accountant charges for a basic tax return) by doing it yourself. To help you get started, follow these top tips on filing your tax self-assessment:
2016/17 End of year tax planning-use your allowances to reduce your tax bill
Some tax savings tips that can be implemented before April 5th.
Last minute return? Self Assessment checklist and tips
Some last minute tips and links that may help you complete your Self Assessment form and avoid any fines or penalties.
Tax Credit overpayment problems predicted as the disregard drops back to 2005 level.
Over payments likely to become a problem again -drop in the Tax Credit Disregard from £5,000 to £2,500. Renew your Tax Credits before July 31st.
Check your tax credits and renew, or you could be out of pocket
Double check details or you could end up owing money back. There has been another drop in the Tax Credit Disregard.
New Child Benefit Loss Calculator
Trying to figure out just how much the Child Benefit changes will cost you? Try our new Child Benefit Loss Calculator.