Smarter accounting
25 January 2021, Advocates, Artists, Barristers, Creative Industries, Sole Traders
At (almost) the eleventh hour, HMRC announces tax filing deadline extended to 28 February HMRC announced today that you will not receive a penalty for filing your 2019-20 tax return late, as long as you file online by 28 February. We are still encouraging taxpayers who have not yet filed to do so by 31 […]
22 January 2021, Advocates, Artists, Barristers, Creative Industries, Sole Traders
Strapped for cash and worried about your tax? If you are one of the many self-employed who need extra time to pay your income tax bill at the end of the month, HMRC have an online process to help you spread your payment. With just over a week to go until the filing deadline for […]
4 September 2020, Advocates, Artists, Barristers, Creative Industries, General, Musicians, Sole Traders
Reduce your income tax payments on account to HMRC You can reduce payments on account to HMRC if you expect your profits to be lower in the year to 5th April 2021. Most sole traders will find that their taxable profits will be lower this year due to the effects of the COVID emergency. If […]
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