Self Assessment | AccountingWEB

Self Assessment

As a small sole practitioner ( < 150 clients ) -  I was getting a little frustrated by having my accounts and tax software desktop based... and with several different providers.


Hi All, 

I am currently self employed and have one one rental property. This year I have to complete my self assessment to process my tax. 


Tax collection has always been a contentious and difficult matter.

A taxpayer has won an appeal against HMRC concerning £10,000 late tax payment penalties, after a tribunal ruled his marriage breakdown was a reasonable excuse for tardiness.


I own a small business and to date have taken care of my own tax affairs (I know I should get an accountant).



I had a quick question in relation to Capital Allowances. 


The collection of Class 2 National Insurance Contributions (NICs) for the self-employed will be moved into self assessment, the


Only after the self assessment period do accountants really think about their New Year’s resolutions.

Theoretically everybody still registers for Child Benefit even if they are a higher rate tax payer for various reasons (pension entitlement, child is in system to receive NI card etc.)


Over a quarter of accountants introduced improvements to their processes that made a positive difference to their 2014 self assessment season.