Do You Need to Complete a Self-Assessment Tax Return?
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 tax return notice from HM Revenue & Customs (HMRC), you must complete and submit […]
Comprehensive Tax Return Guide for Solar Panel Installers (Sole Traders)
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 panel installers understand the tax filing process, claim allowable expenses, and meet important deadlines. Understanding Your Tax […]
5 Things Landlords Need to Know
Being a landlord can be both rewarding and challenging. Whether you’re new to property management or looking for a refresher, here are five crucial things every landlord should know to stay on top of their game. By Adil Mehmood Mir, FCCA 1. Keep on Top of Your Records Maintaining accurate records of your income and […]
10 Things You Need to Know if You Are Self-employed
Register with HM Revenue & Customs for Self-Assessment Self-employed individuals must register with HMRC once they start trading. You need to register by 5th October following the end of the tax year in which you began trading. HMRC will provide you with a Unique Tax Reference (UTR) necessary for filing your tax return. Example: Failure […]