How to Register for UK Self Assessment Why bother with registration? Should you Register for UK Self Assessment, most people instantly think tax hassle. But for the self-employed, side-hustlers, or directors, knowing how to register for Self Assessment UK is one of...
Have you had Class 2 National Insurance Charged in Error? Mistakes with National Insurance create stress and extra cost. Recent Class 2 changes caused confusion and wrong charges. This blog explains what changed and what to do next. You will also see practical tips to...
Are you a sole trader, landlord, or both? Do you earn from property or self-employment? If yes, Making Tax Digital for Income Tax (MTD for ITSA) could soon apply to you. The rules are changing. Deadlines are coming. Preparation now will save stress later. This guide...
You can Claim tax relief for work expenses online in 2025 If you spend money doing your job, don’t miss out on tax relief. You may be entitled to claim tax relief on work expenses, even if you have paid them yourself. If your employer hasn’t reimbursed you, then a...
What are the benefits of filing your tax return early. Why could this be one of the best financial decisions you make this year. While the Self Assessment deadline for the 2024/25 tax year isn’t until 31 January 2026, early submission has real advantages. Let’s break...
MTD and Incorporation , not something you normally see in the same sentence. From April 2026, self-employed individuals and landlords earning more than £20,000 annually will need to comply. If that’s you, get ready for big changes in how you report your income. But...
Starting a business as a sole trader means lots of decisions to make and stuff to do. One of the first questions is whether to run the business as a sole trader to set up a partnership with others or whether to form a company How you operate your business determines...
If you're a parent in the UK, you might be familiar with Child Benefit. It’s a helpful allowance provided to those responsible for raising a child. However, something called the High Income Child Benefit Charge (HICBC) goes hand in hand with it. Financial aid but...
Are you part of the digital gig economy? Do you work on Upwork or Fiverr? Maybe you host on AirBnB. Major tax policy changes are underway in this segment. And I’m here to let you know exactly what so that you are prepared. Watch this video about the upcoming tax...
Five mistakes to avoid on your UK tax return is this weeks short video. Are you dreading your UK tax return for 21-22, and want to avoid making mistakes and facing penalties? Have no fear, I Hate Numbers is here to guide you through the process, and help you avoid...
Many small businesses in the UK are Using the cash basis for tax. This is a simple and straightforward way of accounting for your business income and expenses. In this video I'll explain how to use the cash basis for tax and highlight some of the benefits it offers. ...
Completing your self employed tax return 21-22 can seem daunting, but it doesn't have to be. This video, part 2 of 2, follows on from last week. The process is broken down, so you can ensure that you're getting the most out of your tax return. Whether you're a first...
How to prepare your tax return 21-22 may not get the pulse racing. For some it may cause anxiety, apoplexy and poking eyes with sticks may come to mind. However, if you are one of the 10.2 million + people that must complete a self-assessment tax return it’s a...
Preparing your tax return is a must for millions of taxpayers. Moreover, do you know why? In this video I'm going to Firstly show you who needs to complete a personal tax return Secondly, the key information that you need to include, Thirdly, some costs you can claim...
Understanding the differences between tax avoidance and tax evasion, is an essential piece of knowledge for all taxpayers, whether you are an individual or whether you are a business. Tax avoidance and evasion is typical and headline news. Jimmy Carr, Gary Barlow, Ken...
If you have not been able to go to work because of COVID, you can claim tax relief for working from home and get some extra cash. In this blog-vlog I will explain: How the tax relief works for employees working at home Who qualifies and how you can check How you claim...
Calling UK taxpayers, be aware of the self-assessment payments on account. If you are not prepared, then this will a nasty shock to your bank balance. As well as your stress levels! I have got you covered. I'm going to talk about: What the payment on account is How...
Filing your tax return early, what nonsense is this ? Are you tired of rushing to complete your tax return at the last minute? Do you dread the thought of sorting through endless receipts and documents? Filing your tax return early can provide many benefits. In this...
This blog and video looks at New Capital Gains rules for UK property, and how they affect you. Death and taxes, the two certainties in life, we can’t plan and control the first event, taxes are a different story. If you are a UK resident or non UK resident thus...
Self Assessment Firstly, Self Assessment was introduced by the Inland Revenue (HMRC) in April 1996. Secondly, this tax system used to assess and collect Income and Capital Gains Tax. This vlog looks at How to prepare your tax return 21-22 Some important things to...
Firstly, Personal Tax return season (Self Assessment) 2019-20 finishes on 31st January 2021. Secondly, you may have done yours, so relax, but if you've not read on. I'll start by looking at the first steps and then proceed from there. Some important stuff to things...