If you're one of the millions of self employed people in the UK it's important that you have a handle on tax and accounts. In this video I'm rambling on about how I do my own Self Assessment tax return in 2015. This is predominantly aimed at people in the UK who run their own small business but feel free to watch it even if you're outside the UK 'cause tax really is that interesting. Note that I'M NOT AN ACCOUNTANT and in 20 minutes I'm only covering some very basic concepts that all small business owners should understand. SPEAK TO AN ACCOUNTANT... and don't forget to hit subscribe!
Read the full article here: smallbusinesstoolbox.uk/small...
UK Tax Return 2019 Version: • How I fill in a UK tax...
Bit of history, this was my first ever 'business tips' video originally uploaded to my Andy Mac Drums channel in January 2015. It received over 50,000 views making it one of the most viewed UK self employment videos on KZitem. A lot of the information in it is now out of date so please don't use it as a reference. For example, if you're using Cash Basis accounting you can't off-set losses against other income during the same tax year (sideways loss relief). If in doubt, speak to an accountant!
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Tide for business banking: rebrand.ly/sbt-tide
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Disclaimer:
I'm not in any way qualified to give you accountancy, tax or legal advice. Always use a good accountant. My opinions are my own and don't necessarily reflect the views of the companies I deal with. I sometimes use affiliate links - these don’t cost you a penny and help to keep this channel running. Read more about affiliate links here - the fairest way of funding the internet: smallbusinesstoolbox.uk/affil... - thanks so much for your awesome support!
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