Tax is something that we all need to keep on top of, but for many people it is an incredibly confusing process that is better left to a professional. This isn’t always the case however, and some people like to tackle their personal tax head on. If you are planning on completing a self-assessment this year then it’s important that you are aware of the basics behind your tax return and that you have an understanding of exactly how much tax you need to pay and why you need to pay it. Without this knowledge you could end up putting yourself through a great deal of stress and could end up paying a hefty tax bill if your tax isn’t done correctly. Continue reading
Millions of people in the UK are on the wrong tax code and as a result are probably paying more tax than they need to. It happens when you change jobs, switch to part time work or become self-employed or contracted.