KEY DATES FOR THE 2020-2021 TAX YEAR

The 2021-2022 tax year is upon us. For those who have earnings outside of PAYE, this means maintaining business as usual in the face of truly unprecedented economic uncertainty. However, it’s easier said than done when you’re faced with ever-changing tax legislation and HMRC penalties should you submit your Self Assessment tax return incorrectly. It’s… Continue reading KEY DATES FOR THE 2020-2021 TAX YEAR

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A guide to going self-employed

Self-employment. Millions choose it, and a good chunk fall into it by accident. Whatever your story for becoming self-employed, an action-driven plan can help ease your business into things – from navigating the official self-employment gov.uk pages to your first self-employment Self Assessment. You’ll also find details on self employed insurance costs (it’s our specialist subject, after all), and… Continue reading A guide to going self-employed

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Personal insurance when you’re self-employed

If you’re self-employed, or thinking about working for yourself, it’s important to consider your personal insurance options. This is because when you’re self-employed you don’t have an employer to rely on for sickness cover or health insurance. What insurance will you need? When you become self-employed, you’ll need to think about what will happen if… Continue reading Personal insurance when you’re self-employed

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What are the tax year dates?

The UK tax year is different to the normal calendar year and is often referred to as the financial year. The tax year lasts for a period of 12 months and needs to be used when dealing with your tax affairs for both employed and self employed income tax payers. The UK tax year starts on the… Continue reading What are the tax year dates?

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