A couple of years ago, an estimated five million people in the UK held cryptoassets (often shortened to crypto), which is about 10% of the adult population. Although the buzz around crypto isn’t what it was, large numbers of people around the world continue to
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MTD for ITSA or Making Tax Digital for Income Tax Self Assessment to give it its full title. You remember that? Perhaps you’d prefer not to, but here’s a quick reminder from Mike at GoSimpleTax. MTD for ITSA was due to be phased in from
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So, you’ve finally done it. You’ve left the UK to go and live overseas, perhaps for a less stressful life in a sunnier place where you can experience the local culture, find new friends and enjoy your new home. How could life get any better?
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Many UK landlords, possibly you included, do their own annual Self Assessment tax returns, even though it’s a task that most dislike. It’s boring and it takes up precious time you would rather spend doing anything else. But you can save a few quid if
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Airbnb’s success is truly amazing. The story began in 2007, when the first two Hosts welcomed three guests to their San Francisco home. Airbnb now has more than 4m Hosts worldwide who have welcomed more than 1.5bn guests in more than 220 countries. There are
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According to HMRC, 11.7m taxpayers filed their 2021-22 Self Assessment tax return before the midnight 31 January 2023 deadline. About 800,000 filed on deadline day, with 36,000 doing so within the final hour. Talk about leaving it late. Some will no doubt have been surprised
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Like most other sole traders, your life is probably busy and stressful enough without having to worry about something else. However, there’s no avoiding the fast-approaching Self Assessment tax return online filing deadline, which each year is midnight on 31 January. Gulp. Here’s the lowdown
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Life can be busy when you’re a landlord. Leaving aside managing your property and tenants, many a landlord must also cope with the demands of a job or running a business. Then there’s your own domestic and family responsibilities. The last thing you need hanging
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Having to pay tax on your hard-earned income is certainly one of the less-welcome aspects of being a self-employed sole trader or freelancer. It’s made slightly more palatable by the fact HMRC allows you to claim a wide range of expenses (hence “allowable expenses”), which
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Renting out property continues to offer an excellent return for millions of people in the UK. Most are ordinary folk who earn extra income from renting out one or two properties, with few having larger rental property portfolios. There are about 2.75m unincorporated private landlords
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