Tag Archives: tax

The negative consequences of not declaring rental income

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There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax returns because they know the consequences of not declaring rental income.  But what do you do if you have rental income that you have […]

What if I can’t pay my Self Assessment Tax in full by April 1st?

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If you missed the payment deadline for Self Assessment on 31st January, there’s good news.  HMRC are giving you more time to pay your Self Assessment Tax due to the impact of Covid-19.  Although the deadline didn’t change in 2021 despite the financial hardship faced by many businesses in the Covid Crisis, taxpayers will have […]

If your Self Assessment tax return was painful and time consuming, it’s time to get set up on 1tap receipts

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When you’re a sole trader running a small business, your time is your most valuable resource. You can make small changes in your business to manage your most valuable resource more effectively.