Claim back costs when working from home

Anderson AccountsAccountancy BlogLeave a Comment

Many of us will be working from home at the moment. This will incur extra expense, such as lighting and heating, water, telephone and many other costs. These costs can be claimed against your tax bill to reduce your liability, and there are three ways of doing so. I will talk you through each of them briefly here and you … Read More

When is my tax bill due?

Anderson AccountsAccountancy BlogLeave a Comment

If you are required to submit a self-assessment tax return, your bill for the year you are submitting becomes due on 31 January in the year following the end of the tax year. Tax years run from 6 April one year to 5 April the following year. For the tax year ended 5 April 2019, the bill (as well as … Read More

Tax Returns for English as Second Language Teachers

Anderson AccountsAccountancy Blog2 Comments

  One of my oldest friends, Emma, has started teaching English as a second language to online students. She has a Facebook page that you can check out if you or anyone you know might be interested in her service. She mentioned to me that questions around tax and accounting come up occasionally on her teaching groups and so I’ve … Read More

VAT Basics – Part 2

Anderson AccountsAccountancy BlogLeave a Comment

Last time we looked at the basic principles of VAT and how it is paid to and from HMRC.  Now we are going to talk about whether you should register for VAT. Do I need to register for VAT? If your trading income is £85,000* or more over a 12 month period then you must register for VAT. Note that … Read More

An Introduction to VAT

Anderson AccountsAccountancy Blog1 Comment

Everyone has probably heard about VAT but it is perhaps not something that everyone will understand how it functions. In the first of this three-part series on VAT, I talk about the basics of what it is and who pays it. What is it? First of all, VAT stands for Value Added Tax. It is applied to sales of all … Read More

When You Don’t Need A Tax Return

Anderson AccountsAccountancy Blog

Anderson Accounts Blog Photo - Amanda

Last month I wrote about tax returns giving examples of who might need to complete a tax return. This month I’m going to talk about when you might not need to complete a tax return. HMRC have been trying to encourage small traders to register as businesses and have requested powers to help them enforce this. They have been particularly interested … Read More

Do I Need A Tax Return?

Anderson AccountsAccountancy BlogLeave a Comment

The UK tax year ended last month and HMRC may have contacted you to request that you complete a self-assessment tax return. Anderson Accounts can help you complete your return. Don’t hesitate to contact us to find out more or to get a quote. Even if you haven’t been contacted by HMRC, you may still need to complete an annual tax return. … Read More