By GoSimpleTax Personal tax allowances are tax-free amounts of income that you’re allowed to earn or receive. Several types of personal tax allowance are available and all of the main ones are available to UK sole traders. Claiming personal tax allowances can reduce your annual sole trader tax bill significantly, so it’s important to know […]

Article by GoSimpleTax Having just filed your 2023/24 Self Assessment tax return, hopefully ahead of the 31 January online filing deadline, you probably don’t want to have to think about your next tax return for a good while. That’s perfectly understandable. However, there are a few very good reasons to start looking at your 2024/25 […]

At MYCO Works, we believe in the power of community and the importance of giving back. Inspired by this belief, we are thrilled to launch our very first charity partnership. In 2025, we are proud to support East Anglia’s Children’s Hospices (EACH) as our chosen charity of the year. We are excited to see how […]

By GoSimpleTax Well, after no less than four delays since it was first announced in 2015, it now looks like the first phase of the introduction of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will finally go ahead at last. If you’re a sole trader or small private landlord who will […]