Business Guides - Tax Advice

What freelancers need to know about Making Tax Digital

Making Tax Digital (MTD), which started its first phase on April 1 2019, is one of those schemes that many people will have heard of but don’t actually know much about.

What to do if you’re investigated by HMRC

The guide highlights what to do if you’re investigated by HMRC. The main points highlighted included how the enquiries are triggered, what are the red flags, what happens when HMRC decide to investigate and what are the possible outcomes. 

Need-to-know tax information for freelancers

Here’s some important tax information to take into account if you are a freelancer or looking to go self-employed. This need-to-know- tax information for freelancers guide will help you get started on your taxes. 

Expenses freelancers can claim on their self-assessment

A guide for freelancers on the expenses they can claim on their self-assessment. The self-assessment deadline is right around the corner, therefore freelancers need to get their taxes into order. 

Top 5 Tax Tips for Freelancers

As a freelancer, do you always feel dread whenever tax season comes? In theory, you should always keep your accounts in order. It can be difficult to keep on top of your accounts and taxes, here are some tips on managing your taxes efficiently. 

Tax and rates allowances 2019/20 for freelancers

The tax rates and allowances for the year 2019/20 that are most relevant to small businesses. Although, this may change due to Brexit. 

Where do you go to for tax advice?

As John Antell explains, in England and Wales there are a number of professions who provide tax advice.

How do I keep my tax affairs in order?

Avoid the pitfalls of Self Assessment tax returns and prevent problems with the Taxman.

What to do when you get HMRC Enquiry.

HMRC Enquiries are very much on the increase. Tackle yours as efficiently and painlessly as possible.

How to deal with an HMRC Investigation

Understanding the difference between an enquiry and an investigation. Coping with an investigation.

Do I need to pay an accountant for financial and tax advice?

Assessing the cost and relative value of professional tax advisors and accountants '“ and finding out where to get free advice.

I've got a tax assessment and I don't think it is right. How do I appeal?

Even the Inland Revenue get things wrong. If you really think the Taxman is asking for more tax than is legally due, there are ways to appeal '“ and taxpayers do successfully overturn tax demands and determinations.

Complaining about the HMRC

I want to complain about how the Inland Revenue treated me and how they handled my tax affairs. How do I go about this?

Freelancers' Questions: Offshore loan scheme

I was invited to save tax by having some of my contractor's fees paid as offshore loans. This was a scheme set up professionally and I was assured it was a legitimate - the IR are now challenging the legality of the tax saved..