How long do I need to keep records for? Each year, you’ll probably have a lot of paperwork by the time you complete and submit your tax return –...
Support for Slimming World Consultants The MalgraBooks Tax Guide provides help and guidance for Self Employed Slimming World Consultants to ensure compliance with HMRC with...
When do I need to submit my Tax Return by? Once registered as self employed, HMRC will write to you in April/May to request completion of your SA100 Self Assessment...
Unique Tax Reference Number – How to find online If you’ve misplaced your UTR (Unique Tax Reference Number) you can find this through the new Government Personal Tax Account....
Pay your tax bill through PAYE (employment) If you’re employed as well as self employed, when you submit your tax return to HMRC, you may be offered...
Changing your Accounting Period Your accounting period usually starts from when your self employment commences, and normally runs from this date for a period...
Abbreviations / Glossary Through our tax guide, and when dealing with HMRC (HM Revenue and Customs!), you’ll come across abbreviations for key items....
Bad Debts (When you don’t get paid) Put simply, bad debts are when you don’t get paid by a client or customer. It could be that you’ve...
Basis Period In 2023, HMRC announced a reform of Tax Basis Periods. In basic terms, basis period is the duration which your business...