Blog
February Tax Extension 2022
There’s still time to file self-assessment tax returns for 2020-21 before any penalties are charged – which would usually happen on 1st February. HMRC will not fine those who file by the end of February. So, why should I care?
Need a tax return? We have capacity this January
Unusually for a UK accounting firm, we have capacity to take on new clients in January due to our very efficient processes. Let us help you prepare your tax return.
Contractors and freelancers – are you absolutely certain you’re not an employee?
The rules around employment versus contracting are always changing and IR35 status can be hard to pin down. Read our checklist to guide you…
Why are you delaying your tax return?
Delaying your tax return will only cause you more problems. Get it done early, find out what you owe, and plan your cash flow.
Landlords and sole traders: are you ready for Making Tax Digital in April 2023?
Did you know that if you bring in more than £10,000 income as a sole trader or landlord, you’ll have to comply with Making Tax Digital (MTD) from April 2023?
Allowable business expenses for models
Glamorous though it might seem, modelling is a profession like any other and accounting for deductible allowances from your tax bill is a simple yet effective way to make your business more profitable.
Investing in UK property through a limited company
A growing number of overseas investors are forming limited companies to acquire UK property portfolios. What are the tax benefits of this approach? And are there downsides to bear in mind?
Should film businesses operate as sole traders or limited companies?
“Sole trader or limited company?” is a question any prospective self-employed person asks themselves. It’s especially important for those in the film industry.
Turning your one-person operation into an agency
If you’re a photographer or modelling agent, there might come a time when you find yourself turning down work. That’s when you know it’s time to grow.
I’ve never registered to pay tax – how do I get straight with HMRC?
If it’s just now dawning on you that you’ve never registered with HMRC, there are steps you can take to resolve things – but the sooner you act, the better.