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Deadline for Self Assessment Submission is approaching!

Testing, Under construction

Did you know the deadline for electronic submission of the 2019-20 Self Assessment information for self employed is on 31/01/2021?

If you fail to submit the information and/or to pay the tax liability owed you risk getting financial penalties with the first one in the value of £100.00. The amount of penalty will increase as the time goes by if you fail to satisfy the information requests of HMRC.

ICare-Accountant will help you to avoid the penalty even if you have left it for the last moment.

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At ICare Accountant we we offer a range of outsourced back office services because we know that the last thing you need when starting up a new business, or simply working hard in an existing one, is thinking about more paperwork. That’s why  we do the drudgery, so you don’t have to.

2012-13 SA tax return deadline is not far away!

Testing, Under construction

Did you know the deadline for electronic submission of the Self Assessment information for 2012/2013 for self employed is on 31/01/2014?

 

As well, if the tax calculations show that you have to pay tax to HMRC the 31/03/2014 is the deadline for paying the first instalment of tax. If you fail to submit the information and/or to pay part of tax owed you risk getting financial penalties with the first one in the value of £100.00. The amount of penalty will increase as the time goes by and you fail to satisfy the information requests of HMRC.

ICare-Accountant will help you to avoid the penalty even if you have left it for the last moment.

2013 Budget – Is the UK out of the recession? What does it mean for us?

The chancellor has delivered his 2013 budget speech!  With all this doom and gloom news for the last four years are we out of the tunnel at the end? Or we are just seeing a faint light at the end of the tunnel?

 

At glance the main points of the 2013 budget are:

 

  • The annual rise in beer duty of 3 pence is scrapped. Further the price of a pint of beer is cut by 1 pence. Total 4 pence off the price! I do not drink!
  • A planned 3 pence a liter hike in fuel duty in September 2013 is scrapped. A welcomed news for the motorists. I do not drive as much!
  • Economy to grow just 0.6% this year (half of the predicted autumn figure). Britain will escape the triple dip recession (three consecutive quarters of negative growth). Growth to reach 1.8% next year and 2.3% by 2015. At least we will see growth in the coming years!
  • Whitehall spending cuts of £3 billion more than planned for will be used to fund capital investment. Pay freeze for public sector workers is extended. Let us hope the private sector will absorb the increase in unemployment!
  • Income Tax allowance will rise to £10,000 by April 2014. Corporation Tax will be cut to 20% by 2015. National Insurance break for smaller firms. This is good news for all!

 

Tougher times lie ahead but there is hope for better times. ICare-Accountant will always be your trustworthy partner to help you navigate the current difficult economical conditions.

Deadline for 2012-13 Self-Assessment is approaching fast!

Did you know the deadline for electronic submission of the Self Assessment information for 2011/2012 for self employed is on 31/01/2013?

 

As well if the tax calculations show that you have to pay HMRC the 31/03/2013 is the deadline for paying the first instalment of tax. If you fail to submit the information and/or to pay part of tax owed you risk getting financial penalties with the first one in the value of £100.00. The amount of penalty will increase as the time goes by and you fail to satisfy the information requests of HMRC. ICare-Accountant will help you to avoid the penalty even if you have left it for the last moment.