Painless, fast and done for you. This is tax returns as they should be. No more rip-offs, confusing jargon or worrying about making a mistake.
Nobody likes doing taxes. They’re complicated and the tax jargon is just ridiculous. We’ve partnered with blow LTD to offer a 5% discount for stylists, therapists and technicians to get a certified accountant to do your Self Assessment, answer all your tax questions and take it off your plate.
You need to let HMRC know when you become self-employed. It can be a bit confusing doing it yourself, but we can register for you for just £25. Once registered, HMRC will send you a UTR number, or Unique Taxpayer Registration number, in the post. Sleep easy and leave it with us.
The only real downside to self-employment is doing your yearly tax return. You can sort this yourself for free on HMRC, or you can take advantage of a 5% discount with TaxScouts as a blow LTD partner. This means it’s just £113 for a certified accountant to do your tax return and answer all your accounting questions. Downside? Not anymore.
Did you know that there are a number of things that your TaxScouts accountant can help you expense on your tax return?
Your UTR number is a Unique Taxpayer Reference that you get when you register for Self Assessment.
It consists of 10 digits (sometimes with a letter K at the end) and is issued to you by HMRC.
Check out our guide to getting a UTR.
If you’re self-employed, you can get up to £1,000 each tax year as a tax-free allowance. This is called the Trading Allowance.
Most people do not need to file a Self Assessment because they are taxed at source. But there are a few reasons you may need to complete a tax return:
When it comes to Self Assessment mistakes, we’ve seen them all. Here are a few you’ll want to avoid:
Making Tax Digital (MTD) is an HMRC initiative that is meant to replace annual Self Assessment tax returns by requiring you to report your income and expenses quarterly instead of once per year.
For the 2019/2020 tax year, only limited companies and self-employed people earning over £85,000 and who are already registered for VAT have to join the MTD scheme. So, in reality, most people don’t need to worry about it for a while.