Self-Assessment Tax Return: Missed Your Second Payment on Account?
Self-Assessment Tax Return: Missed Your Second Payment on Account? Home / Post Detail AMAccountEx-ltd If you’re self-employed or need to file a self-assessment tax return in the UK, you may already know about payments on account. But what happens if you miss the second payment due in July? Let’s break it down step by step. […]
The Ultimate Guide to Small Business Tax Deductions in the UK (2025)
The Ultimate Guide to Small Business Tax Deductions in the UK (2025) Home / Post Detail AMAccountEx-ltd Running a small business is exciting, but paying more tax than you need to can be frustrating. The good news is that HMRC allows a wide range of tax deductions that can reduce your taxable profits and save […]
Tax Tips for Small Businesses in the UK: Save Money and Stay Compliant
Tax Tips for Small Businesses in the UK: Save Money and Stay Compliant Home / Post Detail AMAccountEx-ltd Running a small business in the UK is rewarding, but managing your taxes can be challenging. Whether you’re a sole trader, limited company, or partnership, understanding tax-saving strategies is essential. With proper planning and expert advice, you […]
Making Tax Digital for Income Tax: What Sole Traders and Landlords Need to Know
Making Tax Digital for Income Tax: What Sole Traders and Landlords Need to Know Home / Post Detail AMAccountEx-ltd Making Tax Digital (MTD) is a big step forward in how businesses and individuals report their income to HMRC. If you’re a sole trader or landlord in the UK, you may soon be required to use […]
Do I Need to Pay Tax on Things I Sell Online?
Do I Need to Pay Tax on Things I Sell Online? Home / Post Detail AMAccountEx-ltd Selling handmade crafts or second-hand clothes online might seem like a great way to make extra cash, but did you know that your hobby could land you with a tax bill from HMRC? Whether you’re selling on platforms like […]
Do You Need to Complete a Self-Assessment Tax Return?
Do You Need to Complete a Self-Assessment Tax Return? Home / Post Detail AMAccountEx-ltd Several situations could require the completion of a self-assessment tax return. These returns are not just for self-employed individuals; employees, property owners, and those receiving untaxed income may also need to file. Author: Adil Mehmood Mir FCCA If you receive a […]
Comprehensive Tax Return Guide for Solar Panel Installers (Sole Traders)
Income Reporting: Comprehensive Tax Return Guide for Solar Panel Installers (Sole Traders) Home / Post Detail AMAccountEx-ltd As a solar panel installer running your business as a sole trader, managing your tax responsibilities is crucial for staying compliant with HM Revenue and Customs (HMRC) and maintaining financial health. This guide is tailored to help solar […]
Comprehensive Tax Return Guide for Electricians (Sole Traders in the UK)
Comprehensive Tax Return Guide for Electricians (Sole Traders in the UK) Home / Post Detail AMAccountEx-ltd Are you a self-employed electrician? Navigating taxes can feel overwhelming, but this guide breaks it down step-by-step—from registering as self-employed to understanding how much tax you’ll pay, claiming allowable expenses, and meeting HMRC deadlines. 1. Understanding Your Tax Status […]
5 Things Landlords Need to Know
5 Things Landlords Need to Know Home / Post Detail AMAccountEx-ltd Being a landlord can be both rewarding and challenging. Whether you’re just starting out in property management or have years of experience, there are some key responsibilities and tax rules you can’t afford to overlook. Staying informed will not only help you stay compliant […]
10 Things You Need to Know if You Are Self-employed
10 Things You Need to Know if You Are Self-employed Home / Post Detail AMAccountEx-ltd 24 April, 2024 Becoming self-employed is an exciting step, but it also comes with responsibilities — especially when it comes to taxes, accounting, and compliance. To help you stay organised and avoid unnecessary penalties, here are 10 important things every […]