Blog Articles

Have a look at our articles to discover more about filings.

Do I need to do a Self Assessment tax return for 2024/25?

If you are asking yourself “do I need to do a Self Assessment tax return?”, you are in very good company. Every year, millions of people in the UK feel confused, stressed, or slightly panicked when Self Assessment season rolls around.

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Self Assessment

Self Assessment penalties: how much you’ll pay if your tax return is late in 2025/26

If you are getting close to the 31 January deadline and have not filed your tax return yet, that sinking feeling is completely normal. Every year, thousands of people in the UK find themselves asking what happens if they miss the deadline and how bad the penalties really are.

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Self Assessment

7 reasons you should file your Self Assessment early

If you are a sole trader, landlord, contractor, company director, or PAYE employee with a bit of side income, there is a good chance you recognise this pattern. You tell yourself you will deal with Self Assessment “later”. Summer turns into autumn, autumn turns into December, and before you know it, January arrives with a familiar sense of dread.

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Self Assessment

Making Tax Digital 2026: what sole traders and landlords need to do starting April next year

If you are a sole trader or landlord who already files a Self Assessment tax return, chances are you have heard a lot of noise about Making Tax Digital and are wondering what it actually means for you. Is Self Assessment ending? Will you really have to file something every three months? And do you need to start doing anything now?

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Company Updates

What is Companies House?

Companies House is the United Kingdom’s registrar of companies and is an executive agency and trading fund of Her Majesty's Government

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Company Updates

How to Start a Business

Starting a business can be one of the most rewarding experiences in life, but also one of the most daunting and risky, particularly for small businesses. In 2018, there were 672,890 companies incorporated at Companies House but 508,865 were dissolved. If you’re planning to start your own business, the best way to increase your chances of success is to be well prepared. OnlineFilings™ have compiled this practical guide to setting up your limited company in 8 easy to follow steps to help you on your path to becoming a successful business.

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Registrations

What is Value-Added Tax (VAT) and how does it work?

Have you heard of Value Added Tax? Do you know how it works? Well, if you don't, you're in the right place.

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Registrations

What are UTR Numbers?

Did you know that, according to the House of Commons Library, the UK government raises over £800 billion yearly in receipts that come from income from taxes as well as other sources, with income tax making up £195 billion of this amount?

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Registrations

What is a Tax Return? 8 Things to Know Before Filing

If you’re an entrepreneur, investor, or sole trader, chances are you’ve made an income that hasn’t been taxed yet. If this is the case, it’s important to report any untaxed income to HMRC so you can pay the correct amount of income tax and remain compliant. This is done by filing a self assessment tax return, commonly referred to as a tax return.

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Registrations

10 Biggest Tax Return Mistakes to Avoid

Filing your self assessment can be a daunting task, especially if you’ve never done it before. It is important to ensure all information is complete, all reference numbers are correct, and all income amounts are calculated accurately. One mistake can lead to overpaying taxes, penalty fines, missing out on tax reliefs and delayed or rejected tax returns.

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Registrations

How Does VAT Work? 7 Things You Need to Know

If you’re based in the UK or EU, chances are you’ve paid VAT (value-added tax) on certain purchases. You may know that it’s a type of tax, but how does VAT work when you run a business? How do you keep your company compliant with all VAT regulations?

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Company Updates

Key Differences Between Sole Traders and Limited Companies

Thinking of setting up a business? Not sure if you should register as a sole trader or incorporate a limited company? There are several factors to consider before you decide. These include your legal responsibilities, tax efficiency, the amount of paperwork, and more.

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Company Updates

How Do I Strike Off a Company? The Full Guide

If your business has reached the end of its life, you’ll need to decide the best way to close your company. How you close your business is dependent on your circumstances; namely, if you have debts and if you can pay them. This will influence how simple or complex the process of closing your company can be.

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Company Updates

Why Paying Yourself Dividends is Tax-Efficient

If you’re a shareholder in a limited company, it’s important to find the best way to pay yourself in order to reduce tax and keep more of your income. The most common options are taking a salary and paying yourself dividends.

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Company Updates

How to Pay Yourself a Director's Salary

Deciding how to pay yourself a salary can be complex for limited company directors. Should you pay the bare minimum and invest the rest in your business, or set a higher directors salary to remunerate yourself for your hard work?

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Company Updates

7 Questions About Filing Confirmation Statements, Answered

Once your limited company is up and running, you’ll need to stay on top of all your filing requirements: self assessments, annual accounts, VAT returns (if you’re registered), and of course, your annual confirmation statement.

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Company Updates

The Easiest Way to Make a Company Dormant

If your company is no longer trading, you could consider going dormant. As a dormant limited company, you’ll have limited filing responsibilities and won’t need to pay Corporation Tax. Looking to go dormant and wondering what it entails? Read on to discover how to register companies as dormant with Companies House and HMRC.

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