The short answer is – yes, you can – but here are some factors to consider: Which tax system are you in? If you’re in Self Assessment, spreadsheets are absolutely fine. You can keep your records in a spreadsheet and manually transfer the totals onto your tax return once a year. If HMRC have moved…
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I disagree. If you run your own business, it should be your choice who does your bookkeeping. Doing it yourself might be the right decision for you, it might not be. If the thought of doing your own bookkeeping appeals to you, here are some questions you can ask yourself. Bookkeeping can be time-consuming. Even…
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Self-employed individuals and landlords who showed a gross income of over £50,000 on their 2024-25 tax return – that’s before deducting expenses – must comply with the new Making Tax Digital for Income Tax rules from 6 April 2026. If this applies to you, you should have received a letter telling you that you’ll need…
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Tales of the Tramuntana Mallorca – March 2025 Sometimes, when you’re in the middle of something long or challenging, it can be easy to lose sight of how far you’ve come. I was fortunate enough to visit Mallorca earlier this year. The Serra de Tramuntana (Tramuntana mountains) and the GR221 long distance hiking trail that…
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