The Tax Wizard's Blog

Recent Posts

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I only need an Accountant, he does my bookkeeping and taxes too.
People often don’t know the difference between bookkeepers, accountants and tax advisers and as...
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I don't need to worry about Making Tax Digital, I only have rental income.
What is “Making Tax Digital” Making tax digital (MTD), as the name suggests, is the UK Government...
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Instead of paying HMRC just spend that money on your business
A common misconception is thinking that your tax liability at the end of a tax year can just be spent...
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I want to be self-employed so I pay less tax
Another tax myth is that when you are self-employed you can pay less tax, let’s discuss this myth...
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I don't need to pay Payments on Account because I will pay my liability on 31 January
Payments on account are possibly the most frustrating and confusing concept self-employed have to deal...
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I won't submit my Tax Return now because I can't afford to pay the tax
Every year, as the 31 January Self Assessment deadline looms, countless taxpayers scramble to file their...
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