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Posts Tagged ‘Sole Trader’

HMRC self assessment late returns fines amnesty

If you are one of the nearly 900,000 individuals who sent in their self-assessment tax return after the January 31st 2015 deadline, you may have had a lucky escape from the £100 fine. A report in the Telegraph newspaper says that tax officials at HMRC have been instructed not to make any checks on appeals[...] Read more »

All I want for Christmas is a Government Gateway reference number

The frosts are getting harder, there’s a chill in the air and we are all starting to turn our minds urgently to that special time of year. That’s right – it’s nearly time for those without an accountant to submit an online Self Assessment tax return! This is a critical time for those running small[...] Read more »

Congratulations to Clearbooks!

Congratulations to Clearbooks online accounting software on their recent crowdfunding success. Here at Coastal Tax we use Clearbooks as our main UK online supplier of accounting software. We also support Wave and Xero cloud accounting software. All these would be an excellent choice for business start ups for day to day control as well as[...] Read more »

Working Tax Credits for Self Employed

WORKING TAX CREDIT –  SELF EMPLOYED Update your information by the 31st July – Make sure your accountant has completed your tax return and that you have provided all the relevant information. HMRC Tax Credits Helpline on 0345 300 3900 It’s an oft-held criticism that some people are better off on benefits than working. The[...] Read more »

Should I become a Sole trader or a Limited Company?

Tax bill – If you want to compare how much tax you will pay as a Limited Company V Sole Trader then enter your estimated profits in our calculator Below is a general guide to a couple of the different types of business structure you can trade through and the accounting considerations associated with each[...] Read more »