TaxCalc Blog
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Articles containing the tag "Self Assessment"
Essential business expenses to include on your self assessment tax return
If you’re completing your Self Assessment tax return yourself, one of the most valuable things you can do is make sure you’re claiming all the business expenses you’re entitled to. These legitimate costs can reduce your taxable profit and, therefore, the amount of tax you’ll pay.
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Self Assessment myths debunked: what’s true and what isn’t in 2025
If you’re completing your Self Assessment tax return yourself, it can be difficult to know what’s accurate and what’s just hearsay. Friends, social media, forums and even “well-meaning” advice can easily lead to confusion and, in some cases, unintentional mistakes.
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Your Self Assessment Survival Guide: 12 common mistakes to avoid in 2025
Completing your own Self Assessment tax return is absolutely doable but, without the help of an accountant, it’s easy to fall into traps that could cost you time, money or even trigger unwanted attention from HMRC.
Whether you’re a freelancer, landlord, side hustler or someone with additional income or gains outside of PAYE, here are 12 of the most common mistakes people make when filing their Self Assessment tax return and how you can avoid them in 2025.
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The 10 essentials to complete your Self-Assessment tax return for 2024/25
ESSENTIAL INFORMATION YOU’LL NEED TO COMPLETE YOUR SELF ASSESSMENT TAX RETURN
Completing a Self Assessment tax return is much easier when you have all the right information to hand before you start. Whether you’re employed, self-employed, a landlord, investor or someone with multiple income sources, gathering your documentation early can help you avoid mistakes, reduce last-minute stress and ensure you don’t miss anything important.
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July payments panic: how to help clients and avoid complaints
Has a client ever complained that you didn’t remind them about their July payment to HMRC?
While most clients are well aware of the January Self Assessment deadline, the second payment on account due by 31st July can sometimes slip under the radar - especially with summer holidays, school breaks, and general distractions. The result? Missed payments, HMRC fines, and interest charges.
Read more10 essential items of information you need for Self Assessment (and where to find them)
Filing a Self Assessment tax return can seem daunting, so it makes sense to gather all the necessary information before you start. In our latest blog, we list the most common items you’ll need and provide advice on where to find them.
Read moreThe benefits of submitting your Self Assessment tax return early
Filing your self-assessment tax return might not be the most exciting task on your to-do list, but submitting it early comes with several significant advantages. Whether you're self-employed, a landlord, or have other income that requires a self-assessment, getting it done well before the January 31st deadline can save you time, money, and stress. Here are the key benefits of filing your tax return early.
Read moreDebunking common myths surrounding Self Assessment tax returns
Filing a self-assessment tax return is a task that many dread, often because of the myths and misconceptions surrounding the process. These myths can lead to unnecessary stress, missed deadlines, and even financial penalties. To help clear up some of the confusion, let’s debunk some of the most common myths about self-assessment tax returns.
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