More help with paying self assessment tax
HMRC announced on Friday that it will not charge the 5 per cent late payment penalty on self assessment tax which is not paid by 3rd March. …
Are you eligible for a tax free payment?
If you are an employee working from home on a regular basis you may be eligible to receive or claim for a tax free payment to cover your home working costs. If you have had to work at home due to …
How important is it to be a qualified bookkeeper?
Bookkeeping is interesting, challenging and rewarding. A bookkeeper has responsibility for all accounting functions from sales invoicing through to management accounts and VAT returns and is therefore fully involved with the finance function of a business. This frequently includes providing support and advice, managing cash flow and processing payroll. Having a bookkeeper in your business is a valuable asset. …
Self Assessment Late Filing 2021
Self Assessment tax returns were due to be filed by 31 January 2021 but with less than a week to go to the deadline HMRC decided to extend the deadline for submission to 28 February 2021 without penalty. …
Which VAT scheme should you use?
When you first become VAT registered you can choose which VAT scheme to use when reporting VAT. Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another. …
