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 […]
The Benefits of Filing Your Tax Return Early
Many taxpayers procrastinate and only tackle their self-assessment tax returns during the busy winter months. But filing your tax return early can offer several advantages. Here’s why you should consider completing your tax return sooner rather than later. By Adil Mehmood Mir, FCCA 1. Tax Payments Remain Unchanged Filing your tax return early doesn’t mean […]