Article by GoSimpleTax A government proposal to increase the Self Assessment tax return threshold for traders from £1,000 to £3,000 before the end of this parliament (2029) would mean 300,000 people (98% of them self-employed) no longer having to file a tax return. An estimated 90,000 would also have no tax to pay and many […]

Article By Coconut Making Tax Digital for Income Tax – you’ve heard of it, right? You know how it will impact you, when it’s being introduced and how it will change things? You may even have received a letter from HMRC telling you about it. None of that rings any bells? Well, although the clock […]

Article by GoSimpleTax Being your own boss can bring many rewards. You can earn more money, work where, when and how you want and have far greater flexibility. It can also enable you to escape a job you hate, maybe move to a new location or even earn a living from doing something completely different. […]

Article by GoSimpleTax Would it surprise you to learn that less than 60% of UK small businesses use accounting software? By law businesses must keep accurate, complete records of their income and expenses/costs, so that they can reliably complete their tax returns. The remaining 40% of small businesses use spreadsheets, manual records or a combination […]