With greater than 10mn folks within the UK set to file their tax returns by January 31, are you dreading the annual nightmare – or have you ever already bought it licked? This week presenter Claer Barrett revisits Cash Clinic’s tax return information from final 12 months, with friends Jacquetta Brown, tax specialist at HMRC, and chartered accountant Deborah Edwards, who runs the cash mentoring programme Raised Up Finance. They talk about how a lot additional revenue you want to earn earlier than you must submit a return, how apps could make the entire course of simpler, and whether or not it pays to get an accountant. Plus, how freelancers can legitimately scale back their payments by claiming tax-deductible bills, or negotiate additional time to pay.
If you want to be a visitor on the present, e-mail the podcast workforce cash@ft.com or comply with Claer on Twitter and Instagram @Claerb.
You’ll be able to comply with Deborah on Instagram @raisedup.finance
Need extra?
For extra about utilizing wage sacrifice to legitimately scale back your tax payments, try this free-to-read FT piece from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93
And when you’re on the lookout for extra tips on working a contract enterprise, this free-to-read piece has loads of them: https://www.ft.com/content/3462f359-8a1d-4a1e-9098-a14bded3f00d
To take a look at the HMRC YouTube channel, click on here
