Alien encounters and other bad excuses for late tax returns

With less than a week to go before the self-assessment deadline, HMRC has revealed some of the worst excuses taxpayers have offered after failing to complete their returns on time.
Topping the list was the unlikely claim that “I couldn’t file my return on time as my wife has been seeing aliens and won’t let me enter the house”.

Forty percent of freelancers want to retire before their sixties

A survey of self-employed workers has found that more than four in ten freelancers hope to retire before they turn 61.
The new research focused on freelancer’s plans in 2018 and beyond. But with separate research suggesting that freelancers are not saving enough for their retirement – careful money management will become more important for self-employed people.
Cloud accounting software packages like Xero and FreeAgent can help freelancers save for their future.

Calls to tackle late payments after Carillion crisis

The collapse of the UK’s second largest construction company has, once again, brought late payments to the top of the national news schedule.

In the wake of Carillion’s liquidation, many small firms have been left in an uncertain position – unsure if they will be paid what they are owed.

For some firms, the problem has been compounded by the Carillion group’s punishing 120-day maximum payment terms.

This tax season, more than 10,000 taxpayers submitted their online returns on Christmas Day and Boxing Day, ahead of the January 31 deadline. Figures released by HMRC show that 2,590 people filed their online self-assessment returns on Christmas Day and a whopping 7,655 submitted on Boxing Day. With a further 6,033 returns submitted on Christmas Eve, the total number of tax returns submitted over the festive period beats last year’s figure of 14,000 filed over the three days. HMRC released these figures as

This tax season, more than 10,000 taxpayers submitted their online returns on Christmas Day and Boxing Day, ahead of the January 31 deadline.
Figures released by HMRC show that 2,590 people filed their online self-assessment returns on Christmas Day and a whopping 7,655 submitted on Boxing Day.