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 […]

Article by GoSimpleTax You may not have paid any Capital Gains Tax so far. It’s not as common as Income Tax, National Insurance or VAT. And you may not be planning to pay Capital Gains Tax for some time yet, but one day that may change, so it pays to understand a few Capital Gains […]

Article by GoSimpleTax  The new UK tax year began on 6 April, as it has for more than 225 years. As well as being the date when UK tax rules can change, it can also be a great time for sole traders and landlords to make simple changes that leave them better organised, more in […]

By GoSimpleTax The weeks leading up to Christmas bring a welcome sales boost to many British businesses, including a large proportion of the UK’s 3.1m sole traders. And although business owners will get a lot of extra festive cheer from selling more and increasing their annual sales revenue, it can bring additional tax-reporting responsibilities, which […]