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How Tax Works For Self Assessment
Employees and the self-employed will pay more tax from April 2022 to fund social care costs At first this will be as a 1.25 percentage point increase in National Insurance. This increase will apply to Class 1 NICs paid by employees and Class 4 NICs paid by self-employed workers -and it will be administered by HMRC and collected via the current channels for NICs; Pay As You Earn and income tax self-assessment. From April 2023 National Insurance will return to
HMRC attacking the use of Limited Companies by Actors
Here is a step by step guide to creating a Government Gateway account  Go to HMRC’s login page. Click the GREEN sign in button. Please scroll to the bottom of the next page and click on “Continue to your account”. Click “Create sign in details” Enter your email address where asked. You will now be emailed a confirmation code to use within  30 minutes so be ready to ,then use this code to confirm your email address. You will now
It has been an issue for many years that you cannot download an SA302 form from HMRC when the tax return  is filed using commercial software and so it means a telephone call to HMRC to obtain a copy by post. HMRC have approved the tax calculation produced from approved commercial software as a SA302 substitute for many years but lenders generally don’t accept these.   HMRC have recently updated tax agents  with this information below and it is worth
Its a really odd date to pick and the answer lies in the mists of time In 1582 when Pope Gregory XIII ordered a change of calendar from the Julian (named after Julius Caesar), which had been in use since 42 BC, the  Julian calendar, which consisted of 11 months of 30 or 31 days and a 28-day February (extended to 29 days every fourth year), was  quite accurate. After centuries, though, even a small inaccuracy made a difference and by
HMRC have two tests to decide if an expense is tax deductible The expenses must be “wholly, exclusively and necessary” for the business and there must be no “duality of purpose” This means that if you can have a personal use of an item (even if you don’t use it personally) then it is not fully business and so no tax deduction HMRC use two cases to support their argument which almost always go their way apart from very unusual and exceptional circumstances in
Specilist accountancy services & advice for actresses, actors, performers, artists, models, dancers, photographers, artists, make over artists, musicians and singers, alternative & holistic therapists, yoga instructors, reiki practitioners, spiritual healers, hypnotherapists and counselors

Sasha Owen

BSc FCA

Chartered Accountant

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Call us today on 07583 031324 or Email us at accounts@redtulips.co.uk

“Creativity is great-but not in accounting.”
Charles Scott
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