tax

Essential preparation tips for Self Assessment

As January’s Self Assessment tax deadline approaches, self-employed contractors and business owners in the UK construction industry face the critical task of preparing for their tax Self Assessment. Often, busy schedules lead to last-minute preparations, resulting in a lack of clarity about tax obligations and even how much is owed. The 31st January 2024 is […]

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58% of self-employed workers don’t know how much their next tax bill will be

GoSimpleTax‘s Mike Parkes sets out his tax advice with just over a month to go until the January Self Assessment Deadline: There’s just over a month until self employed workers will need to submit their self-assessment tax return, and pay the tax they owe.A recent survey of self-employed workers by GoSimpleTax discovered that 58% don’t […]

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Check your Self Assessment registration situation – heating and plumbing professionals urged

The year is flying by and time is gradually running out for you to check if you need to submit a Self Assessment tax return for the 2022 to 2023 tax year. If you need to register for the first time, you only have until 5 October 2023 to tell HM Revenue & Customs (HMRC).   […]

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How self-employed engineers can use technology for easy business bookkeeping

Updating the books is a vital part of running your own plumbing business. But, correctly managing your business finances can seem like a chore – especially if you’re not a ‘numbers person.’ However you feel about them, keeping on top of your business books is essential to track your earnings, review your business performance and […]

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How the Self-Employed Income Support Scheme (SEISS) will affect 20/21 tax returns

The Furlough scheme allowed many self-employed installers financially affected by the Coronavirus pandemic to apply for grants through the Self Employed Income Support Scheme (SEISS), and allowed limited companies to apply for coronavirus loans. Following the Spring Budget announcement, these Covid grants have been extended, which means 21/22 tax returns could also include Covid Grant […]

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