How do you calculate your business income for your self assessment tax return?

How do you calculate your business income

How do you calculate your business income for your self-assessment tax return? In the UK, individuals who run a business are deemed as self-employed. As a business owner, you are responsible for filing and paying your own UK Tax each year, as well as filing the relevant corporate or sole trader accounts for your business. […]

Tips for filing your self-assessment tax return

Filing Your 2020 Self-Assessment Tax Return

Need some tips for filing your self-assessment tax return? You’ve come to the right place. Our team has helped thousands of sole traders and self-employed freelancers file self-assessment tax returns and save a lot of money in the process.  Read on to discover Taxback’s top tips for filing your self-assessment tax return How do you […]

UK tax changes for the self-employed – 2020-2021

Self-Employed Tax Changes for 2020-2021

From 6th April onwards, millions of employees and self-employed people will pay less tax due to an increase in the threshold for the 2020-21 tax year. After the coronavirus pandemic fallout, are you going to be better off after the 2020-21 tax threshold changes? Here are some tax reforms you will need to learn about […]

Tax Return to Complete? 5 Costly Self-assessment Mistakes to Avoid

Self-assessment Mistakes to Avoid

Leaving your tax return until the last minute could be a costly mistake. If you miss the deadline, you will be charged with penalties. And if you rush and make a mistake, it could lead to incorrect submissions and tax payments. Read our  Self-assessment tax advice to help with putting together your Self-assessment tax return. […]

Do You Have an Old Tax Credit Debt?

Do You Have an Old Tax Credit Debt

Tax credit debts and the manner in which they are collected keep changing which is all the more reason that you should not ignore any letters you receive from HMRC. Read on for a breakdown of tax credit debt and UK tax advice including self-assessment tax advice. The Department of Work and Pensions (DWP) announced […]

How To Successfully Complete Your Self-Assessment Tax Returns And Understanding The UK Tax System

How To Successfully Complete Your Self-Assessment Tax Returns

Self-Assessment Tax doesn’t have to be taxing and it shouldn’t be with these articles. From understanding self-assessment tax returns to guides on how to complete the paper and online versions themselves, it’s all here. There’s also information on which deadlines to look out, which mistakes to avoid, what taxation applies to you and how to […]

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