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 Broadstone to offer a 5% discount for Broadstone partners 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 TaxScouts. 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.
When it comes to Self Assessment mistakes, we’ve seen them all. Here are a few you’ll want to avoid:
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:
If you don’t tell HMRC that you’re no longer self-employed, they’ll still expect you to file a Self Assessment tax return.
You’ll be fined if you don’t – even if you owe no tax at all.
The way you tell HMRC that you stopped being self-employed is by filing a tax return and specifying that it’s your last one.