From time to time a personal tax return is prepared and it is apparent that further returns will not be required so we tell the client we will attempt to get them removed from self assessment.
Do you ever have days when you just can’t be bothered?
We bought a condo in Florida in December 2014. We then started to receive income from it from January 2014 as well as expenditure arising from it.
People who are self employed and need evidence of their earnings for mortgage and loan applications will find it easier to get the information after changes to the paperwork, HMRC has said.
a client is consulting as self employed for one company and is employed by another.
they would receive employment income of £39,575 year which is roughly £2500 net after tax a month
How about this for HMRC bureaucracy? AKA how to ensure the balance of payments surplus is maximised.
As self assessment draws to a close for another few months, AccountingWEB has been reflecting on various areas that may have caused pain-points for practitioners.
- How do we get a SA302? 44,539 7
- No UTR? A guide to your options 29,021 11
- Declaring dividends in self assessment tax returns 28,939 10
- New postal addresses for HMRC 16,783 3
- The AccountingWEB.co.uk guide to Self Assessment 16,355 8