{"id":606,"date":"2021-12-06T09:46:52","date_gmt":"2021-12-06T09:46:52","guid":{"rendered":"https:\/\/www.northlondonbookkeepers.com\/?page_id=606"},"modified":"2022-03-01T14:48:28","modified_gmt":"2022-03-01T14:48:28","slug":"self-assessment-tax-returns","status":"publish","type":"page","link":"https:\/\/www.northlondonbookkeepers.com\/self-assessment-tax-returns\/","title":{"rendered":"Self Assessment Tax Returns"},"content":{"rendered":"\t\t
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Self Assessment Tax Returns<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Many more people are working as freelancers, whether full time or part time in addition to their regular employment.<\/p>

In which case they may need to send in a self assessment return.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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From 6 April 2017 if your trading income from one or more businesses is under \u00a31000 per year then you may not have to tell HMRC or declare it on your tax return. You will need to keep records of your income such as<\/p>

  • Copies of invoices<\/li>
  • Bank statements<\/li>
  • Emails confirming income received<\/li><\/ul>

    If your trading income is more than \u00a31000 then you must register for self assessment by 5th<\/sup>\u00a0October in the following year. You will also need to complete a self assessment tax return. There are a lot of resources which can help you do that but it can be time consuming to go through all the guidance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Do you need help with filing your Self Assessment Tax Return?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\tFill out the form and we will call you back within the same working day\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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