10 Tips to Simple Self-Assessment

10 Tips to Simple Self-Assessment

August 30, 2018 | No Comments

At ABC Accounting Services, we know that self-assessment can be daunting, confusing and frustrating. We get endless calls and emails seeking advice on self-assessment and the many issues it can cause people. It’s one of life’s more mundane tasks, but it can’t be ignored. Do it incorrectly or late and you’ll incur charges and penalties from HRMC.  We’ve put together a list of 10 tips that if you stick to, you’ll nail it first time every time. 1)      Make sure that you’ve registered for self-assessment with HMRC – you need a unique code to complete your tax return and send
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Making Tax Digital – What You Need To Know

Making Tax Digital – What You Need To Know

August 23, 2018 | No Comments

There’s plenty of articles on the internet about MTD, most of them contain a lot of information that isn’t relevant to the majority of people. We’ve created this article to compile the relevant, useful information that most of us need to know about Making Tax Digital. Making Tax Digital will be active from April 2019.   In basic terms, it is a government scheme that means everybody will have to file tax and payment online as well as keeping records digitally. You’ll have your own account which will give you an overall picture of your tax.  ALL business tax will
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Financial Tips For Freelancers

Financial Tips For Freelancers

August 16, 2018 | No Comments

With 50% of the workforce set to be made up of freelancers by 2020, we’ve compiled a list of our top financial tips for freelancers. We understand the highs and lows of working for yourself, one of the lows can be managing your financial affairs and preparing for the future. From budgets to saving it can be hard to know where to start and how to prioritise costs. These tips should help you to get off on the right foot and give you the freedom you set out to achieve when you began freelancing. 1)   Build an emergency fund.
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