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Importance of Completing a Self-Assessment Form

Permanent workers are usually paid via Pay As You Earn (PAYE). PAYE ensures that the employee's income tax, national insurance, and student loan repayments have been deducted before the employee receiving their pay. However, self-employed individuals must pay to ensure that they have paid their taxes, national insurance contributions, and student loan repayments. If you are self-employed you must complete a self-assessment form to figure out what you owe and ensure that you have made payments before the deadline.

What Your Self-Assessment Covers

self-assessment The tax year runs from April 6th through to April 5th - if you have earnt over the tax threshold you'll need to pay a percentage of tax on earnings over this percentage. For the 2018/19 tax year, everyone receives a personal allowance of £12,500, earnings of £12,501...

4 business tips for July

Hybrid cloud technology

Many businesses are starting to realise that having all their data in the cloud may not be the best option. Due to cyber-security concerns, many firms are migrating applications and data away from the public cloud in favour of a mix of on-premises and private cloud environments. Hybrid cloud technology is therefore becoming a more popular solution. A hybrid cloud is a combination of on-premises and off-premises (or cloud-based) IT infrastructure platforms. The hybrid solution allows a business to run applications on multiple platforms. This increases efficiency and allows more flexibility as some software may only be available as a cloud based product. In addition to allowing firms to choose the right platform for the right systems, a hybrid cloud platform can also create cost savings as well as improved IT performance. These...