Search results “Sole trading tax”
A Quick Guide to being a Sole Trader
This video is a quick guide to sole traders. It includes answers to common sole trader questions; What is a sole trader? What are the advantages to being a sole trader? What are the disadvantages to being a sole trader? My next video is a quick guide to limited companies. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Try Crunch Accounting Software! http://www.crunch.co.uk/?aid=samuel3a Learn more at www.freebookkeepingaccounting.com
Views: 16788 BookkeepingMaster
Tax for sole traders
In this video we'll look at the two main taxes Australian sole traders need to be familiar with: Income Tax and Goods And Services Tax (GST). We'll also discuss how to calculate your taxable income and understand your Pay-As-You-Go (PAYG) and Business Activity Satements (BAS). Get your finances under control by signing up to rounded.com.au Links: - my.gov.au - https://www.ato.gov.au/General/PAYG-instalments/ - https://www.ato.gov.au/Calculators-and-tools/Tax-withheld-calculator/ - https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/ Tunes by Zerh Beatz https://youtu.be/ld_SXh_mdZI
Views: 389 Rounded
HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Trader
HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Traders. If you need further help please contact an accountant or take a look at "Buy 101 Ways To Save Money On Your Tax - Legally" on Amazon. Amazon.co.uk: http://goo.gl/Zh8SaO (This is an affiliate Link) Amazon.com: http://goo.gl/0KhVaM (This is an affiliate link) HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Trader 5 Top Tips from Martin Robertson. Martin Robertson is a director of Martin Robertson Associates, Chartered Accountants Falkirk and We Are Business Transformers Ltd. Martin Robertson provides accountancy, taxation and business transformation services to small and medium sized businesses so is ideally placed to provide tax avoidance advice to the sole trader. Please note tax avoid is legal however tax evasion is not and we do not recommend or condone it.* At the end of January Sole Traders will be busy completing their HMRC Inland Revenue Self Assessment or income tax return, with a deadline of 31st January to submit their tax return and pay their tax bill and first payment on account for the next tax year. To help reduce their tax bill they could look at implementing some or all of the following tax avoidance tips One. Know Your Numbers. Prepare your financials using accounting software and keep it up to date at least at the end of every month. Two or three months before your year-end pass the figures to your accountant so that they can: Firstly, give you an idea of what tax you can expect to pay based on the figures. Secondly, and most importantly they can give you some tax saving ideas which you can implement by your year-end. Two. Consider running your business through a limited company. Tax and national insurance savings are possible if the business is incorporated and profits are taken by dividends. Three. Consider making your spouse or partner a business partner. This tip is only relevant if your spouse or partner is actually involved in the business performing a role which is necessary for the business to function properly. Four. Employ your children in the business as long as they are performing functions necessary to the business and are old enough to legally employ. To justify a deduction against your taxable profits you should pay them at the market rate for the duties performed. Five. If your business needs to replace vans, equipment or computers and you can find the finance buy them rather than rent them. For example, if you need to replace a piece of equipment costing ten thousand pounds if you get ownership of it your profits will be reduced by £10,000 in the year you buy it. If you rent it for two hundred pounds per month you will only get a tax deduction of two thousand four hundred. To get your tax deduction as early as possible buy these assets before your year-end, not the month after. * We recommend you seek professional advice from a qualified accountant before implementing any or all of these tax avoidance tips. The tips are provided for general interest and may help reduce the tax bill of sole traders. For Robertson Associates Chartered Accountants in Falkirk see: https://www.youtube.com/watch?v=6e5VTrndOxk For HMRC tax rates and allowances visit: https://www.gov.uk/government/publications/rates-and-allowances-income-tax/rates-and-allowances-income-tax For a BBC News article on the rules of tax avoidance see: http://www.bbc.co.uk/news/business-27372841 Self Assessment, Income Tax, Tax Deductions, Tax Allowances, Top, Five, 5, Tax, Tips, Sole Trader 5 Top Tips video Inland Revenue Self Assessment Income Tax Return allowances for the Sole Trader can be viewed here: http://youtu.be/eVwSNRWkkmo 5TopTipsTV HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Traders
Views: 9664 Tosh Lubek
Tax Tips for Sole Proprietors
Sole proprietors can utilize a wide range of tax savings techniques. You can claim many of the same expenses and deductions as corporations. Watch this video to find out more. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus - https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) https://www.youtube.com/watch?v=dG_TOExHRss Timeline: 00:45 -- Take advantage of non-capital losses 01:06 -- Pay wages to family members for income splitting 01:32 -- Claim relevant expenses to your business 02:02 -- Consider incorporating your business Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 22033 Allan Madan
FREE get a copy of my best selling book - How To Create A Second Income By selling Things On Amazon: A Step by Step Guide To Amazon Success In Australia HERE --- http://freeamazonbook.co Aussie Online Entrepreneurs Learn How To Sell On Amazon FBA Here In Australia Selling on Amazon FBA is a brilliant way to make money online listen in to learn, what to sell on Amazon, what products to sell on Amazon, how to get started selling on Amazon FBA and inside tips and tricks to Amazon FBA success in Australia, Find out more about the Aussie Online Entrepreneurs here --- http://aussieonlineentrepreneurs.com.au/ Hosted by me Neil Asher, I’ve been selling online since 2006 and I travel the world with my family meeting new people and experiencing new cultures living the online dream! You can learn more about me and my journey here --- https://www.youtube.com/watch?v=KcK7yOx9zpc Make sure you check out my youtube channel --- https://www.youtube.com/channel/UCHSrw3pYMZylEmgLGsRGldQ Check out what some of the Aussie Online Entrepreneurs have to say in this youtube playlist --- https://www.youtube.com/watch?v=E9JFtA-03kE&list=PLH8bB5T-pNsvpifOKdNIGGheeDGEnIw8H
Sole Trader Tax Return Preparation Template
Use this easy template to prepare your next tax return and avoid missing deductible items. Watch the video and visit our our website www.impacttfs.com.au to find more information on how to save tax. Every year thousands of dollars are lost by tax payers due to missed deductions. At Impact Taxation & Financial Services, we endeavor to help you to include all allowed deductible items in your tax return. Impact Taxation and Financial Services Pty. Ltd. is a CPA Practice based in the Bankstown area. We are committed to customizing our services to meet your financial needs and help you achieve your visions and goals.
Income tax and National Insurance for sole traders - The Accountancy Partnership
If you need further advice - head over to our website and drop us a line: http://www.theaccountancy.co.uk At The Accountancy Partnership we provide client focused, complete online accountancy services for a low monthly affordable fee. Based in Cheshire & London, we offer our online accounting services nationwide, throughout the whole of the UK.
Xero Tax in Action - Individual Sole Trader
Xero Tax allows registered agents to prepare and lodge activity statements and income tax returns for all their clients. The integration of e-sign powered by Adobe and the innovative, streamlined compliance workflow allows agents to gain efficiencies when dealing with income tax return or activity statements. This webinar recording focuses on the Xero Tax for individual sole traders. Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Instagram: https://www.instagram.com/xero/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting
Sole Trader vs  Limited Company
Visit www.RenttoRentAcademy.co.uk for more great videos and information on property investing and business! Connect with Jacquie on Facebook: http://on.fb.me/1SFvqZY Connect with Jacquie on Twitter: http://bit.ly/20SJYGw About Jacquie: Jacquie Edwards is the Property Go-To Girl. She is a property investor, entrepreneur, best-selling author and newbie YouTuber :) Jacquie helps property investors and business owners boost their businesses with new strategies and top tips! Visit Jacquie's website at: http://www.PropertyGoToGirl.co.uk Visit the #1 place online for Rent to Rent Information: http://www.RenttoRentAcademy.co.uk ______________________________________________ I often get asked if you should register as a limited company when setting up a Rent to Rent business or run it as a sole trader. In this brief video I want to give you some pros and cons of each.
Views: 8796 Jacquie Edwards
How to Pay Yourself When You're Self Employed
One of the biggest challenges of being an entrepreneur or freelancer is how much to pay yourself. It's easy to shortchange your own paycheque in the interest of keeping money in the business -- or to overpay yourself and end up with a huge tax bill at the end of the year! In this video I share my resources, tools, tips and tricks to paying yourself when self-employed to keep both your business and your personal bank account happy. Mentioned in this video... "Profit First" by Mike Michalowicz http://amzn.to/2tnez47 Being Boss Podcast https://beingboss.club/ Freshbooks Cloud Accounting https://www.freshbooks.com/ Wagepoint https://wagepoint.com/ Website: http://www.moneyaftergraduation.com Facebook: facebook.com/MoneyAfterGraduation Twitter: @moneyaftergrad Instagram: @moneyaftergrad Money After Graduation Inc. #600 630-8 Ave SW Calgary, Alberta T2P 1G6
Views: 11992 Bridget Casey
Tax basics for small business - overview
Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video helps to explain the differences between 'hobby' and 'business', and how tax applies to different business types. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
Sole Proprietorship
Sole Proprietorship Lecture By: Ms. Madhu Bhatia, Tutorials Point India Private Limited
Your self-employed tax return
Telling HMRC about your income when working for yourself. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 79556 HMRCgovuk
When do i pay my taxes as a sole trader? UK tax advice for Business Owners
http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We get asked a lot about when I need to pay my taxes. Well in this video I'm going to talk about paying tax if you are a sole trader. In the next video I'll talk about when you pay your tax if you run a limited company. So for the Sole Trader. Well, Sole Trader businesses tend to follow the tax year. That's April to April. But the government doesn't mind if you want to run a business up to the 31st March. The last few days of April that end the tax year is ok from the point of view of preparing a set of accounts. You then got until January of the following year to deliver a tax return and pay the tax bill associated with that particular set of accounts. And it is not just tax you are going to pay, you are going to pay Class 4 National Insurance bill as well. But in addition to that if you are a sole trader and your tax bill is more than £1000 for the year, chances are you are going to have to make payment on account. Now that payment on account is a contribution to the tax year we are now in. It's typically 50% of the bill you had from the year before and your paying 50% of it January and 50% in July. So you are going to pay tax twice a year. So just when you have got Christmas out of the way the tax bill kicks in and of course, just before you about to head off on your summer holidays you've got a tax bill to pay. Plan ahead and remember this, if the business has gone down from one year to the next you can actually apply to reduce the payment on account. If business has gone up the extra tax you are going to pay it in the January. In the next video I'm going to talk about how you pay taxes as a limited company.
Views: 6524 oxfordaccountant
Record Keeping for the Self Employed
Record Keeping for the Self Employed You must keep records of your business income and outgoings for your Self Assessment return if you're self-employed as a: sole trader partner in a business partnership As a nominated partner you must keep records for the partnership itself. Records you must keep The records you must keep depend on whether you're using: traditional accounting cash basis or simplified expenses schemes - from the 2013 to 2014 tax year onwards Traditional accounting (accruals basis) Records for your tax return must include: a record of all your sales and takings a record of all your purchases and expenses This might include: business assets you've bought (eg stock, equipment) value of stock and work in progress at the end of your accounting period details of payments to employees (eg wages, expenses, benefits) http://youtu.be/Lktx2-gLWVw business vehicle and travel costs interest from any bank or building society accounts other money coming in, eg money you invest in your business Learn More on: https://www.youtube.com/playlist?list=PLD-fVNHkAoWERcT2SdgifXHu26oSrTFrg
Views: 32892 callie timothy
Sole Trader vs Limited Company legal company structure
Sole Trader vs Limited Company Irish legal company structure
Tax structure as a Sole Trader - UK tax advice for Business Owners
http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We put together this video series titled "Tax Tips for small businesses" to help you understand and save tax. One of the questions we get asked most frequently is -- "What is the best structure for my business?" Am I going to set up as a limited company, a sole trader or perhaps as something different entirely. Well, in this video I'm going to talk about the benefits of the sole trader. It's the most common form of business there is in the UK and it's really easy to get going. In fact, it's as simple as picking up the telephone and speaking to Revenue & Customs. giving them some details and that's it. You are up and running . If you don't like to talk to them on the telephone you can login and do it over the internet instead. You don't even have to set up a separate bank account. It is a good idea though, We would like you to set up a bank account, but just keep the two things separate, your business and your personal life and everything will run nice and smoothly. Sole traders are a great situation for you if, like many small business owners you can't stand paperwork and administration. It needs less structure to operate. You are the business. The money in one account is your money, the money in another account is your money. You can move it backwards and forwards when ever you want. There is no issue associated with that. It's yours. Do with it as you wish. From a tax point of view a sole trader is particularly advantageous when ever you are in the set up stage. So perhaps you have just come out of employment. Set up your own business. You've had to incur costs, expenses to get the thing going. Maybe you haven't got your first customers or very few. So you are actually running at a loss. We can use those losses to claw back taxes you have paid elsewhere. Now if you were paying tax at 40% or 50% that can be a huge advantage and of course taking time to get going and having that extra cash in your pocket can be a great benefit to you when you're running your business. The Sole Trader is also very useful when profits are very small especially if they are less than £7,500 a year because that is the amount you get to pay tax free anyway. So no tax to pay on anything you make up to that level. And of course as it starts to grow don't worry because if it looks like something else is more advantageous we can make a switch. A switch perhaps to a limited company which I'll explain a bit more about in the second video
Views: 14801 oxfordaccountant
UK Tax Return 2019 - NEW! Self Employed & Small Business [14]
Welcome back to another UK tax return video! I'm taking you through another UK Self Assessment Tax Return for the 2017/18 Tax Year, tax payments due by 31 January 2019. For the first time in a LOT of years, the UK online self assessment tax return system has changed so I thought I'd give you a quick look at it. Mostly cosmetic changes but a couple of extra items to reflect the changes brought in with the new £1000 trading allowance etc. More info below: What is Cash Basis? https://youtu.be/2YzqhJtG7yY £1000 Trading Allowance explained: https://youtu.be/t-PHFmpf31A Extra stuff on Patreon: https://www.patreon.com/smallbusinesstoolbox More stuff on the web: https://smallbusinesstoolbox.uk As per usual, I'm not in any way qualified to give you accountancy advice. Always get a good accountant! I've just been self employed for a long time and hopefully I can pass on some of the things I've learned over the years. I use affiliate links - these don’t cost you a penny and help to keep this channel going - thanks so much for your awesome support! Jellyfish in Space by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1500030 Artist: http://incompetech.com/ #TaxReturn #Accounts #SelfEmployed
Views: 31360 Small Business Toolbox
Business Structure - Sole Trader
Business Structure - Sole Trader
Views: 90 Expert Tax
12 Great Tax Deductions for Australian Businesses
Watch our 12 Great Tax Deductions in 12 Minutes for Australian businesses, that are overlooked and may be surprising.
Paying Tax for Sole Traders PowerPoint
Super for Sole Traders
The government requires all employers in Australia to pay their employees superannuation, but freelancers and sole traders can decide whether they want to make super contributions. In this video we discuss: - the requirements around super - the tax benefits of paying yourself super - government support for super, including the super co-contribution scheme A few sites to help you compare super funds: - https://www.canstar.com.au/superannuation/ - https://www.industrysuper.com/compare/compare-funds/ - https://www.finder.com.au/super-funds - https://www.superguide.com.au/comparing-super-funds Tunes by Zerh Beatz https://youtu.be/ld_SXh_mdZI
Views: 173 Rounded
Working out your income tax
This video explains how tax is calculated on your business profits, how the pay-as-you-go instalment system works and what happens when you make a business loss.
Expenses if you’re self-employed
How and where to claim allowable business expenses on your Self Assessment tax return. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... For more information on self-employed business expenses, why not try our online guide. You can find it here: http://www.hmrc.gov.uk/courses/SYOB3/syob_3_exps/html/syob_3_exps_menu.html Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 103044 HMRCgovuk
When Do I Pay Tax as a Sole Trader?
Here’s another business start up tip from Jon Davies Accountants. When do I pay taxes as a Sole Trader? Paying your taxes whether you are a Sole Trader or a Limited Company, is one of the most important things you will need to keep on top of. Therefore knowing exactly when your taxes are due is vital. Find out now in our latest video. We are a firm of Chartered Accountants based in Liverpool. We work with business owners across Liverpool, Merseyside, and the whole of the UK. As well as accounts and tax for businesses and individuals, we specialise in business growth advice to entrepreneurs. If you’d like more business advice from Jon Davies Accountants, please subscribe to our channel. If you’d like a chat, please contact us on [email protected] or by phone on 0151 380 8081. You can also subscribe to our email newsletter for more tips at http://eepurl.com/cX-jn1
Self Assessment Tax Return (2019) - Submit yours in 5 Simple Steps
If you would like to submit your 2017-18 (2018) tax return online yourself, here are your top tips on what to do to get everything to HMRC on time this year. All you need to do is follow these 5 simple steps: 1. Find your UTR - this is your Unique Taxpayer Reference code - if you don't have one, you will need to get one, which you can do by registering for self assessment with HMRC 2. Create register and digital tax account with HMRC 3. Compile a list of income and expenditure from various sources 4. Find and organise all the supporting documentation for your income and expenditure, and total up each area 5. Log on to you rdigital tax account to complete and submit your return It's as simple as that - good luck! If you would like to get in touch, please don't hesitate to contact us: https://www.in-accountancy.co.uk/contact/
Views: 39297 IN Accountancy
A company car as a sole trader - UK tax advice for Business Owners
http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We get asked a lot about vehicles and businesses. So in this video I'm going to focus on your business as a sole trader and whether you put your car or your van through the business. In the next video I'll talk about companies and their cars and vans. So if you are a sole trader and you are VAT registered you don't have a choice. The car or the van is going through the business whether you like it or not. So that's the cost of buying it. The cost of maintaining it - all the fuel, the road licence and the insurance is all going through the business but you still have to keep mileage records because you are only going to get tax relief on the business proportion of it. Most people turn round and say "Are well I did 95% of my mileage is business mileage." Ok, so what if the tax man says prove it. Where's your records? How can you. So keep your mileage records, put all the costs through the business and your accountant will deal with the adjustment at the year end. If you are not VAT registered you can actually choose. You can either choose to just claim mileage, that's at a rate currently of 45 pence per mile, or you can put the vehicle through the business. The good thing there is, is every time you change the vehicle you can change the way you want to account for it. So that's vehicles and sole traders. In the next video I'll talk about it with companies.
Views: 5688 oxfordaccountant
How Much Tax Do You Pay As A Sole Trader
How much tax do you pay as a sole trader KNOW MORE ABOUT How much tax do you pay as a sole trader Income tax by 1st january. Assuming you whether pay income tax, and how much pay, depends on take out. Tax rates for income? What are the tax. Googleusercontent search. Ie articles sole trader pay and taxes &sa u&ved 0ahukewix0pmfunpdahvkuo8khyaebpo4chawcbowaq&usg aovvaw0kmb5kdeakaaydwm28sj_p" target "_blank"i'm a trader, how do i myself? Thinkbusiness. You how much money your business is our self employed and sole trader income calculator easy to use, all you if situation more complicated should get specialist debt advice. The rates can change from time to time, so it's important know what the rate is for income year you're reporting on 11 jan 2018 taxes a sole trader (self employed) need about out as this might make your first tax bill much bigger than you were expecting. Five small business taxes you need to know about. I'm a sole trader, how do i pay myself? Thinkbusiness. Tips on writing off your taxes as a sole trader in the uk and self employed tax what do businesses pay. Self employed expenses claiming as a sole trader. Tax for sole traders explained rounded. This article gives you an overview of the self assessment process, shows how to calculate income tax 10 nov 2016 register for goods and services (gst) if your annual gst turnover is or more. Tax rates for income? What are the tax Sole trader a guide start ups and newly self employed how much income will i pay as sole trader? Australian taxation officeinformation & advice 3 steps to success when you become etax. A sole trader can withdraw cash from the business without tax effect do you want to become a with long term success and minimise don't need separate company returns because include for keeping track of finances, reporting, invoice payment much more 3 may 2018 unless you're finance graduate, you'll probably enlist professional accountant work out how should be paying here's earn before when self employed if trader, run your own as an individual are. 11 jan 2018 although there are many similarities in the setting up process, this article deals with to register online, individuals would need to set up an account online this will allow you to file returns and make payments online for tax liabilities. Sole traders must then complete and file annual income tax returns comprehensive guide to sole trader issues including rates payable the rules are same as if you an individual pay a should ensure have correct insurance cover such 9 aug 2017 australian there two types of taxes need be simpler bas format which requires report far less information your return, do so excluding any gst charged you've already paid 23 2018 is on business's profit. Set up as a sole trader gov. The tax free threshold is for both sole traders and individuals. You need to save your income tax each month so you've got enough pay a url? Q thinkbusiness. Sole traders have to wear many hats' 12 sep 2018 explaining the
Views: 25 Bun Bun 3
Sole Trader vs Ltd Company
Are you a sole trader looking to save some tax? By switching to a limited company, you could be saving vast amounts of tax and national insurance resulting in more cash at your disposal. Here at Lite Tax, we are dedicated in ensuring that your business becomes more enjoyable and easier to manage. By keeping your tax bill light, your rewards become heavier. For more information, visit our website: www.litetax.co.uk Also check out our Facebook page: https://www.facebook.com/litetaxltd/?ref=br_rs
Views: 264 Lite Tax
UK Tax Return for 2017/2018 Walkthrough | Full-Time & Self-Employed Freelancer
In this video I'll be walking you through how I filed my UK HMRC self-assessment. I couldn't find any material on how it works for cases popular in software development where you may have a full time job and be freelancing on the side, so I figured I'd make a tutorial to show how easy it works. ACCESS YOUR TAX RETURN HERE https://gov.uk/log-in-file-self-assessment-tax-return SPECIAL THANKS Thanks for your support and if you have any suggestions or would like to help us produce more videos, please visit: https://vtudio.com/a/?support DISCLAIMER: I am not a tax professional, I'm just some guy on the internet, so always double check things yourself, and if you can, hire a good tax professional. By good - I mean, get one personally recommended from mate, as even accountants make mistakes - especially if they're overloaded with work during tax return season. FILMING TOOLS http://vtudio.com/tools
Views: 103886 Vtudio
Sole Trader, Self Employed or Limited Company
Descriptive video covering the differences between a sole trader (self employed) and a Limited Company for start ups
Views: 17182 Simon Kallu
Company car or not if you are a sole trader? (2019)
We are asked so often by our clients, both limited company directors and sole traders whether they are better off putting their cars through the business or not, and the short answer is... it depends... As a sole trader if you are vat registered you have no choice - your car goes through the business whether you like it or not. That means all of the associated expenses also go through the business - the cost of buying and maintaining your vehicle, your fuel, road tax, insurance and so on can all go through business. But you still have to keep mileage records! Because you only get tax relief on the actual business element of your travel. If you aren't VAT registered you can choose whether to claim mileage or put your vehicle through business, and every time you change vehicle you can change which way you account for it, so speak to your accountant about what works best for you. As always, if you like what you see, please give us a thumbs up, and if you have any questions, please don't hesitate to get in touch via all the usual means. https://www.in-accountancy.co.uk/sole-traders-partnerships/
Views: 277 IN Accountancy
How to complete the business section in myTax
If you’re a sole trader, this video will show you how to complete the business section in myTax. For more information on lodging online with myTax, see https://ato.gov.au/lodgeonline
New Tax Year, New You - Tax Tips for Sole Traders | Crunch
A short webinar that will give you some useful tips on working as a sole trader, including how you make sure your next Self Assessment isn’t a royal pain. ---------------------------------------------------------------------------------------------------------------- Crunch delivers accounting and financial services to empower the self-employed and small business owners: https://crch.co/2Qnbr3m Like Crunch on Facebook: https://www.facebook.com/crunchaccountants/ Follow Crunch on Twitter: https://twitter.com/TeamCrunch
Views: 142 Crunch
Sole Trader Tax Return Rockhampton - Tax Planning and Compliance Call 07 4922 6128
http://www.businesswise.com.au/accounting-and-bookkeeping-rockhampton/ Sole Trader Tax Return Rockhampton - Tax Planning and Compliance Call 07 4922 6128 Sole Trader Tax Return Rockhampton Business Wise have been providing accounting and bookkeeping services to businesses in Rockhampton since 1982. We partner with a large number of local businesses and non-profit organisations, and are very familiar with the challenges faced by small businesses in Rockhampton, and help develop specialised solutions for our clients . We offer a range of cost-effective services to assist small businesses, including: •handling the paperwork to setup the most appropriate business structure for your situation, and registering your business appropriately (ATO, ASIC etc) •helping you overcome the initial turbulance of setup, configuration and training in the use of your accounting software •providing a single point of contact for the implementation and support of your Point of Sale, Inventory or Service Management software with your accounting software •reconciling your transactions to keep your books in order, and ensuring that you are receiving your entitlements, while avoiding potential penalties •preparing and lodging your Individual or Business Activity Statements, and even negotiating with the ATO on your behalf •processing employee wages and handling confusing employee penalty rates and entitlements •beyond simply preparing and lodging your returns, we can provide taxation advice and minimisation strategies, as well as implementing asset protection plans •preparing financial statements, cash flow forecasts and business plans to help you better manage and grow your business •provide complete succession planning services to help you prepare for the eventual transition or progression from your business •avoid audit compliance issues by utilising our fully trained and experienced staff We also provide up-front Fixed Fee Agreements for the majority of our services, so you can be confident in the costs involved and the scope of work to be performed. We can also help ease pressure on your cashflow by offering options for affordable monthly repayments. Our office is located in Rockhampton, however we regularly visit Yeppoon, Emu Park and the greater Keppel area, and are happy to meet at your office or ours. The advantages of cloud accounting software further provides for improved opportunities for collaboration. From Cairns to Brisbane and from Yeppoon to Longreach – our clients appreciate the convenience of our courteous and efficient remote support. http://youtu.be/LV4ZftHCQ_E http://gravidtv.se/wedding-video-brisbane/wedding-video-brisbane-2/ SOLE TRADER TAX RETURN ROCKHAMPTON : 00:00:05 Sole Trader Tax Return Rockhampton 00:00:20 Company Tax Return Rockhampton 00:00:35 Financial Planning Rockhampton 00:00:51 Asset write off Rockhampton 00:01:06 Claim Depreciation Rockhampton
Views: 767 Joel David
Tax implications of working from home as a sole trader
Emily Coltman, chief accountant to FreeAgent, and author of Finance for Small Business and Micro Multinationals, explains the tax implications of working from home as a sole trader
Views: 1807 Enterprise Nation TV
Things to know before you start a Sole Trader Business in UK
Sole trader business is the most common form of business in the world. This video clearly explain advantages and disadvantages of sole trader business, as well as legal responsibilities of a sole trader owner in UK to avoid penalties.
Sole Trader Self Assessment Tax Return Services 2017 18 and 2018 19
Hey Viewer, This is a video for our website https://www.wise-bookkeeping.co.uk/index.php/2-uncategorised/58-nv-st-o-tax-return-2 We are making Tax Return service convenient for you. You can buy the service via our website. Fill out some documents and let us take care of the rest. Has your 2017-18 Tax Return been filed? JOIN THE WAITING LIST: If you would benefit from an Online Guide to filing your Tax Return, email [email protected] We will have a link here and on our website also soon for the proper waiting list.
7 Key Advantages Of Having A Limited Company!!!
In this video I go over 10 Advantages in total for setting up a limited company vs sole trader - Watch until the end for the disadvantages too! My FULL Amazon FBA UK Course: https://jonny-bradley.com FREE AMAZONON FBA UK FACEBOOK GROUP: https://goo.gl/TBPSnn SUBSCRIBE: https://www.youtube.com/jonnybradley 7 Key Advantages Of Having A Limited Company + 2 bonus advantages and disadvantages of setting up a limited company vs sole trader. 1. Tax and Take Home 2. Distinct Entity 3. Limited Liability 4. Naming 5. Shareholders and Funding 6. Costs 7. Selling the Business and Succession 8. Credibility 9.Pensions 10. Splitting Income —— —— Must Have Software or services: Final Cut Pro: https://goo.gl/3ezNhJ Wix Websites: https://goo.gl/yVCXaB FETCHER: https://www.goo.gl/eSd9sa JUNGLESCOUT: http://www.goo.gl/2iLtLj Clickfunnels 14 Day Trial: https://goo.gl/9RJ9fY —— Recommended reading: DotCom Secrets: http://amzn.to/2wyQhZb Expert Secrets: http://amzn.to/2iUG98d 4 Hour Work Week: http://amzn.to/2wyBcH2 Business Idea Factory: http://amzn.to/2x5q8mg Get these recommendations as audio books for free: https://goo.gl/cxEpXo My info :) Facebook: https://www.facebook.com/jonny.s.bradley Instagram @JayBeeJonny Email: [email protected]
Views: 31978 Jonny Bradley
Tax Advisor Gold Coast - Sole Trader Tax Return Mudgeeraba | Impact Accounting
Looking for Tax Advisor and Sole Trader Tax Return filing accounting services on the Gold Coast that is CPA certified ? Impact Accounting Solutions are fully qualified & experienced professionals. Contact us today. Visit our site - http://www.impactaccounting.com.au
Do you pay tax on SMALL EARNINGS from self employment in the UK? (YouTube, Ebay, Etsy etc.) [6]
As a small business owner who also does YouTube one of the most common things I get asked is whether you have to pay tax on YouTube earnings and also small income from the likes of eBay, Etsy and the like? In this video I'm going to hopefully answer that question! This is specifically for the UK for the 2017/2018 tax year but if you're in a different part of the world it would be interesting to hear things are done where you're from! For more small business and self employment tips don't forget to Like, Share & Subscribe! :-) Here's the HMRC guidance for tax free allowances on trading and property income: https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income Also an excellent article here on Accountancy Age that discusses these allowances in more detail: https://www.accountancyage.com/2017/10/09/new-trading-allowance-simplicity-not-know/ Extra stuff on Patreon: https://www.patreon.com/smallbusinesstoolbox More stuff on the web: https://smallbusinesstoolbox.uk As per usual, I'm not in any way qualified to give you accountancy advice. Always get a good accountant! I've just been self employed for a long time and hopefully I can pass on some of the things I've learned over the years. I use affiliate links - these don’t cost you a penny and help to keep this channel going - thanks so much for your awesome support! MUSIC: Ice Cold by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://audionautix.com/ #SmallBusiness #BusinessTips #SelfEmployed
Self-employment: sole trader or partnership?
The differences between being a sole trader and a partnership when you set up your business and become self-employed - https://www.nibusinessinfo.co.uk/content/self-employment-sole-trader-or-partnership-video
Views: 11423 nibusinessinfo.co.uk
Airtax: Simple online tax for Aussie freelancers, sole traders and rideshare drivers
Whether you're a freelance designer or developer, operating as a contractor or sole trader or rideshare driver, Airtax makes it easy to manage your tax. Complete your business activity statement (BAS) and income tax return on web, iOS or Android app. Rideshare drivers will love our Uber integration! When you connect Airtax with your Uber account you can automatically download income data into your BAS submission form. Will and Sarah tell us how Airtax makes life easier, saves time and money. Airtax is built and backed by PwC Australia, one of the world's largest professional services firms.
Views: 1600 Airtax
limited company or sole trader?
A brief discussion on whether to trade as a limited company or a sole trader
Views: 2112 Tax Shop Accountants
Sole Proprietorships Will LOSE You Money! LLC V.S. Sole Proprietorship
START YOUR LLC HERE: http://www.tkqlhce.com/click-8405317-5029467 COURSES: -Amazon Course + 2 Months of Mentoring: https://goo.gl/LTB1Vp -YouTube/Personal Branding Course: https://goo.gl/PgARrR -Affiliate Marketing Mastery: https://goo.gl/cSioEH MY GAMING CHANNEL: https://goo.gl/CLgEbg FREE GROUPS: -Youtube/Personal Brand FB Group: https://goo.gl/pjMD4F Free Entrepreneur Mentoring Group: https://goo.gl/CZEB5U TOOLS: -JungleScout: http://goo.gl/Vb4HdO SOCIALS: -Instagram: https://instagram.com/tannerjfox -Facebook: https://www.facebook.com/TannerJFox
Views: 29670 Tanner J Fox
Tax Changes SA Farmers, simplified tax system for sole traders
self employed accounts updates for tax, cash basis for smaller businesses, paying tax in a simplified way. Tax payment updates for sole traders making paying tax easier. Limitations to the new scheme are complicated so these are a few of the main points. Neil Screaton is available for tax consultation more details in a followup video and on the Screatons http://www.screatons.co.uk Legislation does not include side ways loss relief.
Views: 96 accountantsuk
Introduction to business 1: Business structures
Should you operate your new business as a sole trader, partnership, or company? In this animated video, Inland Revenue explains three common business structures.