Category: FAQ
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Tax Advice: How to Avoid Costly Tax Mistakes
Tax can become complicated when you have different sources of income, own rental property, sell investments or run a business. Getting the right tax advice can help you understand your responsibilities, claim the allowances you are entitled to and avoid mistakes that could lead to unnecessary tax bills or penalties. You do not necessarily need…
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Keeping in Touch Days: Essential Rules for Self-Employed Mums
If you are self-employed and receiving Maternity Allowance, you do not necessarily have to stop working completely when your baby arrives. You can work for up to 10 keeping in touch days (KIT days) during your Maternity Allowance period without losing your entitlement to the allowance for those days. This is particularly useful if you…
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Confirmation Statement for Companies House: Everything UK Directors Need to Know
If you run a UK limited company, you must file a confirmation statement for Companies House at least once every 12 months. This applies even if your company has not traded, generated income or made any changes during the year. The confirmation statement confirms that the information held by Companies House about your business is…
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Let Property Campaign: How to Declare Undeclared Rental Income to HMRC
If you have received rental income from a property but have not declared it to HMRC, you might be worried about what could happen next. Perhaps you have been renting out a property for several years, recently inherited a house, or simply did not realise that rental income needed to be reported on a Self…
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HMRC Help Number: 7 Essential Contacts to Get the Right Help Fast
HMRC Help Number: How to Contact HMRC and Get the Help You Need Trying to find the correct HMRC help number can be frustrating, particularly when you have a tax question that needs answering quickly. HM Revenue & Customs (HMRC) deals with several different types of tax, and each department has its own telephone number,…
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Paternity Leave Self Employed UK: 7 Essential Facts to Know
Becoming a parent is an exciting time, but if you work for yourself, you might be worried about losing income when your baby arrives. Unlike employees, self-employed people do not usually receive paid time off from an employer, so planning ahead is particularly important. Understanding paternity leave self employed UK rules can help you decide…
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MTD Penalty: Making Tax Digital Penalties and Points System Explained
Making Tax Digital (MTD) is changing how self-employed people and landlords report their income to HMRC, and understanding the mtd penalty rules is important if you want to avoid unnecessary fines. Instead of relying entirely on an annual Self Assessment tax return, people who fall within the new requirements must use compatible software to keep…
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Self-Employed Mortgage UK: 7 Barriers to Beat
Getting a mortgage when self employed can be challenging because mortgage lenders need to understand your income, check whether you can afford the repayments and decide whether your earnings are likely to remain stable in the future. Unlike employees who receive regular payslips, self-employed people often have changing monthly income, business expenses and profits that…
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Companies House Login WebFiling, Confirmation Statements and Identity Verification
If you run a limited company in the UK, you will need to use Companies House online services to keep your company information up to date, file your confirmation statement and submit certain company documents. However, the login process has changed, and company directors now also need to understand the new identity verification rules. In…
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HMRC eBay Fine Warning: Does eBay Report Your Sales to HMRC?
If you sell items on eBay, you may have seen a warning asking you to provide your tax information or heard that HMRC is checking online sellers more closely. This can be worrying, especially if you have been selling clothes, electronics, furniture or other unwanted items from your home and are concerned that you might…
