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 […]
How Bookkeeping Works for a Sole Trader
How Bookkeeping Works for a Sole Trader Home / Post Detail AMAccountEx-ltd Managing finances is one of the most critical aspects of running a sole trader business. Bookkeeping, the process of recording and organizing financial transactions, ensures that you meet legal obligations and stay in control of your business’s financial health. In this guide, we’ll […]
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) 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 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 […]
The Benefits of Filing Your Tax Return Early
The Benefits of Filing Your Tax Return Early Home / Post Detail AMAccountEx-ltd 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, […]