12 Aug 2022 | Business, Self assessment, Tax
Self-employed tax obligations are the focus of a new HMRC report. Self-employed individuals, like Network Marketers, are having difficulties completing their self-assessment tax returns, according to a new report commissioned by HMRC. A lot of people have trouble with...
4 Feb 2022 | Network marketing, Self assessment
The January deadline has been and gone and if you’re one of the 2.3 million taxpayers who haven’t submitted their 2020/21 tax return as of yet – don’t panic. Extended deadline Earlier on in the year, HMRC announced that they would be waiving late filing penalties for...
7 Dec 2021 | Network marketing, Self assessment, Tax
Making Tax Digital, or MTD for short, may have fallen under the radar since the COVID pandemic hit, but the government’s drive towards digital tax records and digital returns is still pressing ahead, albeit at a slower pace than initially outlined. Here, we look at...
10 Feb 2021 | Network marketing, Self assessment
At this time of year, we usually get some panicked phone calls from business owners and taxpayers who realise that the self-assessment tax return deadline has now passed, and they haven’t filed their personal tax returns by the 31st January deadline. We know that life...
8 Dec 2020 | Network marketing, Self assessment
The concept of having a business on the side alongside a main employment has been around for decades. So-called side hustles have gained in popularity during the Pandemic and can range from earning a bit of extra cash to replacing the income from full time employment...
28 Sep 2020 | Network marketing, Self assessment
As a business owner, you will be aware of the legal duties that come with owning a business – and having to complete an annual tax return is one of them. Whilst many choose to do their own tax returns, especially at the beginning of their business journey, there are...
