|*This is sponsored post. All opinions are 100% honest and my own.|
Yes, the end of the tax year has come and gone, and the self-employed folk are either smug because they’ve already submitted theirs, or scared to even do it, or just putting it off until January. I’m in the first camp, and perhaps a little smug, mostly because it feels like the weight has lifted off my shoulders. Since mine’s complete, I thought it would be good to share my top tips for tax and self assessment in 2018.
There are so many resources out there, but finding them can often be a minefield. I research a lot of things until I can research no more, and I feel like I’m always learning, so if you have any tips please comment below.
6 Top Tips for Tax and Self Assessment 2018.
1. Ask for help
I’m not going to lie, Warren helps me with a lot of the financial side of things with regards to the blog, and that’s okay! There’s nothing wrong with asking for help, and you will learn more this way, as well as decrease your ‘panic mode’.
2. Use online resources
3. Get organised
Make sure you have copies of everything; invoices, expenses and anything else you may need ready to file your tax returns. Get your tax return completed as soon as you possibly can, please don’t wait until January!
I’ve also got a little file where I include my income/expenditure, receipts etc. I think this is a great way to keep on top of all your finances.
4. Read other blogs
There are so many informative blog posts out there to help you, and even though they’re somewhat aimed at bloggers, they’re also really useful for any self-employed person.
5. Get a spreadsheet
It may help to have a little spreadsheet available so you can work out your income and expenses in a much easier and organised way.
6. Get an accountant
I haven’t got an accountant, but I know many people who do, and it can usually save you money. They’re also experts at this kind of thing, so you’ll be in safe hands.
I hope these tips have been helpful and you find your tax self assessment for 2018 easier than you first thought!