Bonus episode – The ultimate tax return guide


The ins and outs of self-assessment forward of the January 31 deadline

With almost 11m folks within the UK set to file their tax returns by January 31, are you dreading the annual nightmare – or have you ever already obtained it licked? On this bonus episode of Cash Clinic, we reply the entire questions on tax returns that you simply wished to ask. With extra folks beginning side-hustles and small companies through the pandemic, how a lot additional revenue do it is advisable to earn earlier than it’s important to submit a return?

Presenter Claer Barrett discusses how apps could make the entire course of simpler, and whether or not it pays to get an accountant. Plus, she explores how freelancers can legitimately cut back their payments by claiming tax-deductible bills, or negotiate additional time to pay. Jacquetta Brown, tax specialist at HM Income & Customs, and chartered accountant Deborah Edwards, who runs the cash mentoring programme Raised Up Finance, are readily available to demystify the jargon and pinpoint sources of assist.

If you want to be a visitor on the subsequent season of the present, e mail the podcast workforce cash@ft.com or comply with Claer on Twitter and Instagram @Claerb.

You’ll be able to comply with Deborah on Instagram @raisedup.finance 

Additional studying: 

To search out out extra about utilizing wage sacrifice to legitimately cut back your tax payments, take a look at this free-to-read FT piece from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93

And if you happen to’re in search of extra recommendations on working a contract enterprise, this free-to-read piece has loads of them: Monetary Suggestions for the self-employed https://www.ft.com/content/3462f359-8a1d-4a1e-9098- a14bded3f00d

To say the working from residence allowance, comply with this hyperlink to the Gov.uk web site: https://www.gov.uk/tax-relief-for-employees/working-at-home

To take a look at the HMRC YouTube channel, click on right here https://www.youtube.com/user/HMRCgovuk/playlists


See acast.com/privacy for privateness and opt-out data.

Transcripts will not be at present obtainable for all podcasts, view our accessibility guide.



Source link

Bonus episode – The ultimate tax return guide

Leave a Reply

Your email address will not be published.

Scroll to top