COURSE · Your own books
VAT Returns under Making Tax Digital
“I press submit on the VAT return every quarter and hope.”
Courses / A/C 2000 · Keeping your own books
THE PROBLEM, IN YOUR WORDS
“Every January I spend a weekend turning a carrier bag of paper into a tax return.”
Self Assessment for the Self-Employed
Records through the year, allowable expenses, the self-employment pages, payments on account and what Making Tax Digital for Income Tax changes for sole traders.
39 lessons7 h 48 min24 months’ access
LEDGER · UNITS
The units, in order
About 12 minutes a lesson. Running totals show where you will be at the end of each unit.
| No. | Unit | Lessons | Running total | Running time |
|---|---|---|---|---|
| 01 | Who has to file, and by when | 5 | 5 | 1 h |
| 02 | Records through the year | 7 | 12 | 2 h 24 min |
| 03 | Allowable expenses and capital allowances | 9 | 21 | 4 h 12 min |
| 04 | The self-employment pages | 7 | 28 | 5 h 36 min |
| 05 | Payments on account | 5 | 33 | 6 h 36 min |
| 06 | Making Tax Digital for Income Tax | 6 | 39 | 7 h 48 min |
| Total | 39 | 39 | 7 h 48 min |
OUTCOMES
You will be able to…
- 01Keep self-employed records that make the return quick
- 02Decide which expenses are allowable and why
- 03Understand the quarterly updates that Making Tax Digital for Income Tax brings
INCLUDES
What is in it
- A sole trader’s year turned into a completed return on screen
- Allowable and disallowable expenses, with the borderline cases
- Payments on account and the January and July dates explained
- A record-keeping template for the year ahead
WHO IT SUITS
Sole traders, freelancers and landlords who do their own return, and the people who help them.
Suggested pace 2 h a week · about 4 weeks · plan it with other courses
CONTRA ENTRIES
Pairs with
COURSE · Payroll
Payroll from Scratch: PAYE, National Insurance and RTI
“We are about to hire our first employee and nobody here has run a payroll.”
QUERIES
Questions about this course
Anything else: the chat in the corner is answered by a person, or see how access works.
How long can I watch it, and when does access start?
You can watch Self Assessment for the Self-Employed for 24 months from the day access begins. Access details arrive by email within one working day of payment, and you can rewatch any lesson as often as you like during that time.
What exactly is the format?
Streamed video lessons, watched online: 39 lessons across 6 units, 7 h 48 min of video in all. The lessons are recorded, so there is no live tutor and no marking, and nothing is downloadable. Tax content is education, not advice on your own situation; rates and thresholds are taught for a stated tax year.
Is it the right course for me?
It was made for sole traders, freelancers and landlords who do their own return, and the people who help them. At the suggested pace of 2 hours a week it takes about 4 weeks. If you are unsure where to begin, the rest of this shelf shows the neighbouring courses.