Freelancers Beat the January Blues
Editor | 30 January 2020
/ / / / /

Freelancing could help fight back against the January Blues, new research from IPSE (the Association of Independent Professionals and the Self-Employed) suggests.

The trade body representing freelancers found that more than three quarters (77%) of freelancers were happy working for themselves, while only five percent said that they were unhappy. This compares to a national average of 69% who are happy in their jobs.

Accounting the most stressful part of running a small business

UK micro-businesses spend ten weeks of the year working on financial according to research from digital business bank Starling.
In a new report, the app-based challenger bank shines a light on the working practices of 5.6 million of the UK’s smallest firms.

300,000 Reasons to Double Check Your Self-Assessment

Self-employed workers are being urged to double check their self-assessment for accuracy after it was revealed that HMRC opened more than 300,000 tax return investigations last year.
It has also been revealed that one-third of self-assessors could be paying too much tax.
Just ahead of the January 31 deadline, it has been revealed that the tax authority opened 300,762 new tax investigations in 2019 and received £1.2bn in extra tax from investigations into self-assessment tax returns in 2018/19.

Where to get help with your self-assessment

Every year around 11 million Brits are required to submit and pay a self-assessment tax return by January 31.

Many people are already way ahead of the game, with around 3,000 people completing their returns on Christmas Day and about 50,000 filing on New Year’s Eve and New Year’s Day.

But with the deadline looming large, many more are looking for help to fill in their online forms. In this blog post, we look at some of the best sources of help for self-assessment strugglers, but first, we’ll find out who actually needs to complete a tax return.