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As the festive season approaches, we understand that finding the time to complete your tax return can be challenging.
HMRC have designed online products to help you complete your tax return, including the self-employment section, at a time that suits you best during this busy period.
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Remember, you only have until 31 January 2025 to do this
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'Your online Self Assessment tax return', includes recorded webinars to help you complete your Self Assessment tax return.
For more help, you can also choose short videos from any of the Self Assessment playlists.
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Record keeping for the self-employed
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View this recorded webinar about record keeping and tips on keeping them up to date, as well as:
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unfamiliar terms
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using records to work out taxable profits
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information to record
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Capital allowances for the self-employed
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For the larger items used for business, such as business vehicles, computers and equipment, view this recorded webinar which looks at claiming expenses. Which will also cover:
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annual investment allowance
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first-year allowances
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writing down allowances
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record keeping
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Car expenses for the self-employed
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If you use your own car for business, this recorded webinar will tell you about:
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business journeys
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capital allowances
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how to work out simplified and actual cost expenses
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leasing a car and personal contract purchases
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Business expenses for the self-employed
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Or why not view this recorded webinar about business expenses,
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show you what are allowable business expenses
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cover the most common business expenses
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look at simplified expenses
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discuss record keeping
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help you enter accurate figures on your tax return
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You don’t have to wait until 31 January 2025 to file your return
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Filing early means receiving your refund sooner if you are owed money. If you need to make a payment, however, knowing in advance how much to pay makes budgeting easier for you.
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Paying any tax you owe
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There are different ways to pay your tax bill, safely and securely – including through the HMRC app.
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If you can’t pay in full by 31 January 2025
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If you can’t pay in full, HMRC may be able to help by arranging an affordable payment plan. The short YouTube video 'How to set up a Time to Pay arrangement online for Self Assessment' will guide you through each step.
You’ll find more information on the help and support pages.
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