I have been asked this question many times and the answer is invariably the same – “As a UK resident with any rental income you most certainly do need to declare your rental income”. There is no such thing as a minimal level which HMRC would not be interested in. Whether you have to pay…Read More
Month: May 2017
Why Is Filing Your Tax Return Early A Good Thing?
We’ve all heard that annoying radio advert about your tax return deadline from HMRC which gets aired every 5 minutes around each January – well, if you want to feel smug about it next time you hear it read on… January 2018 seems months away, but you may have already received a letter from…Read More
How To Choose Your Accounting & Bookkeeping Software
Choosing an accounting software doesn’t have to be complicated. Here are three questions to focus on when selecting one for your business: How much are you willing to pay? Why do you need accounting software? Which features does your business require in an accounting software program? 1. How much will the software cost? The most…Read More
Do I have to declare my income from eBay?
Do my eBay earnings constitute a business? First of all, you are liable to pay income tax on the profits from any business; the fact that you are using eBay to conduct this business is largely irrelevant. The more pertinent question is whether you are a BUSINESS or not! You do not have to declare…Read More