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5 signs you’ve outgrown your DIY accounting solutions

5 signs you’ve outgrown your DIY accounting solutions > Resources > News In the early stages of entrepreneurship or small business management, juggling various roles frequently becomes instinctual. From marketing guru to customer service representative, and yes, even accountant. DIY accounting solutions are a common starting point for many small business owners, but as your […]

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Mastering the Tax Clock: Unveiling the consequences of missing deadlines!

Mastering the Tax Clock:  Unveiling the consequences of missing deadlines! > Resources > Tax News Published On January 22, 2024 Meeting self-assessment tax deadlines is crucial, but life’s unpredictability can sometimes lead to unintentional delays. In this article, we’ll delve into the consequences of missing those deadlines and explore practical strategies to handle late submissions

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Navigating the tax maze

Navigating the Tax Maze: Self-assessment tax tips for Freelancers and Sole Traders

For freelancers and sole traders, the world of self-assessment taxes can sometimes feel like a daunting maze. However, with the right guidance, managing your taxes efficiently can become a breeze. In this blog post, we’ll explore some specialised tips to help freelancers and sole traders make the most of their self-assessment tax journey.

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Self Assessment Tax Filing

Self Assessment Tax Return Guide

It is every individual’s responsibility to pay taxes to the government from the income they earn so that the government can use that tax for the welfare of the people. Like we pay income tax from our income, self assessment tax is paid by individuals who are self-employed and do not come under government and hence it is their responsibility to file for self assessment tax return under HMRC. In more simple words, Self assessment is the HMRC’s way to find out how much income tax and national insurance an individual needs to pay under any income that is not taxed at source.

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India-UK Free Trade Agreement Set for Month-End Signing

The much-anticipated India-UK Free Trade Agreement (FTA) is on track to be signed by both nations by the end of this month, according to an official source. UK Prime Minister Rishi Sunak is planning to visit India in late October to formally sign this significant agreement. This FTA is poised to enhance bilateral trade in goods and services, as well as promote foreign direct investment flows.

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Tax Considerations

Tax Considerations for Online Influencers

The rise of social media and digital platforms has opened up new opportunities for online influencers. However, it has also brought about tax implications that influencers need to be aware of. While there are no special tax rules for influencers, they are treated like any other self-employed individuals. Even if influencing is not their main source of income, they must declare their earnings to HMRC.

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