A Simple Solution To Income Tax For Tradesmen
As a self-employed tradesman, keeping your tax affairs in order can come at a great cost. The time it takes to file everything correctly is time away from working or winning new business. It’s up to you as a sole trader to drum up opportunities. But if you’re too tied up with your bank statements, it’s near impossible. GoSimpleTax changes this by helping you:
- Correctly claim tax relief
- Become deadline-savvy
- Keep track of your tax bill
- File your Self Assessment tax return early
Submitting Your Self Assessment Tax Return Has Never Been So Simple
For tradespeople, there’s hardly time to file your tax return let alone keep on top of your accounts. As such, it’s not uncommon for sole traders to miss the 31st January deadline or fall foul of HMRC due to errors in their tax return submission. GoSimpleTax helps prevent that by enabling you to input your income and expenditure in real time, and therefore proactively update your tax return .
Our software walks you through the tax year, highlighting your responsibilities as you go.
To ease the burden of compliance, however, we go a step further. Our software automatically totals your tax bill, keeping you in the loop as to what you owe. You can even upload your receipts as pictures so that your expenditure can be factored in, and the relevant tax relief claimed for.
Once you’ve filed, you may immediately notice a difference in your take-home pay. And you’ll have a much firmer understanding of other claims you can make, potentially lowering your tax liability even further in the years to come.
Key Features
Our software stores your financial information and any receipts you may have uploaded, allowing for easy submissions months before your tax is due.
Our library of tips and tricks gives you total autonomy so you never need to rely on an accountant again.
GoSimpleTax points out areas where you may be able to claim relief and potentially reduce your tax liability.
Unsure what forms are relevant to you? We help you uncover the tax forms or supplementary pages that you need to file.
Why Should Tradesmen Use GoSimpleTax?
To experience stress-free accounting
We make certain you never need to use an accountant for your Self Assessment tax return again. By allowing you to calculate your total tax bill in real time, you can regularly check in with your finances and inform your budget for the next tax year.
To increase take-home pay
GoSimpleTax highlights any relevant ways to reduce your tax liability. Whether that’s through expenses or deductions, we ensure you recognise every opportunity to maximise your take-home pay.
To focus on your venture
Our software automates a large amount of the manual data entry that plagues sole traders. As a result, we leave you with more time to devote to enhancing your services and generating new business.
Calculate Your Tax Bill For Free – Only Pay To File
Our free trial makes getting to grips with self-employment tax simple. You can start inputting your income and expenditure today to automatically work out how much Income Tax you’ll owe. You can add 5 income items and 5 expenses items per month, If you want to add more entries or when you’re ready to submit your completed Self Assessment tax return, simply upgrade to a full account.
PRICING
All plans are free to use and allow you to calculate your Self Assessment tax return, you only pay at the point you want to submit to HMRC, or unlock the many tax saving suggestions.
Free guides, tailored exactly to your circumstances are emailed after registration, so why wait? Register today.
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INDIVIDUAL
Key Features
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Free Support
Email support Monday to Friday 9am – 5pm. (7 days per week in January).
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100+ Tax Saving Tips
Our software suggests tips to help you save on tax.
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Submit Directly to HMRC
Send your Self Assessment tax return directly to HMRC.
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Basic Tax Return (SA100)
Complete your SA100 personal tax return and additional information pages.
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Employment (SA102)
Enter P60, P45, P11D or other employment information (including expenses).
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Ministers of Religion (SA102M)
Enter P60, P45 or other employment information, including expenses, as a Minister of religion.
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Self Employment (SA103)
Enter Sole Trade income and expenditure for each business you may have.
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Partnership (SA104)
Enter partnership profit/loss share (easily include entries from your partner statement).
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Property (SA105)
Enter property income and expenditure for the different rental types; Furnished holiday lettings, residential, commercial or rent-a-room.
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Foreign (SA106)
Enter foreign income and gains [including foreign tax credit relief (FTCR)*] *manual calculation required.
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Trusts (SA107)
Enter trust income received (easily include entries from Form R185).
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Capital Gains (SA108)
Include any gains or losses made (including any relevant relief claims).
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Residency (SA109)
Notify HMRC of your residency/domicile, claim personal allowance or remittance basis, if relevant.
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Invoicing
Create and send invoices from your phone, tablet or computer. Send reminders for overdue invoices and can update your GoSimpleTax return automatically.
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Unlimited Income Per Month
Add all your income.
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Unlimited Expenses Per Month
Add all your expenses.
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Print Tax Calculation
You can print your tax calculation.
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View Tax Calculation
Your tax calculation broke down into section.
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View Tax Owed
See how much tax you owe in real time.
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Self Assessment Categorisation
All Self Assessment categorisations.
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Integrates with:
We ingrate with other apps to help you do more with your tax return.
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FreeAgent
Our integration to FreeAgent allows users to import a trial balance into the self-employed page of a tax return.
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FreshBooks
Import the Profit and Loss report from FreshBooks into GoSimpleTax.
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SumUp
Connect your SumUp account with GoSimpleTax and pull through your transactions directly into your tax return.
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Xero (Beta)
If you are a sole trader using Xero for your bookkeeping records then our integration will allow you to import your Profit and Loss report directly to the self employed page of your tax return.
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Free TrialFriends & Family
Key Features
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2 Returns - £83.99
File 2 Self Assessment tax return from the same tax year.
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3 Returns - £112.99
File 3 Self Assessment tax return from the same tax year.
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4 Returns - £135.99
File 4 Self Assessment tax return from the same tax year.
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5 Returns - £150.99
File 5 Self Assessment tax return from the same tax year.
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6 Returns - £169.99
File 6 Self Assessment tax return from the same tax year.
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7 Returns - £179.99
File 7 Self Assessment tax return from the same tax year.
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8 Returns - £188.99
File 8 Self Assessment tax return from the same tax year.
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9 Returns - £190.99
File 9 Self Assessment tax return from the same tax year.
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10 Returns - £191.99
File 10 Self Assessment tax return from the same tax year.
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Additional Returns £1 Each
If you need to file more than 10 tax returns in the same tax year, you will be charged £1 for each additional return.
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Free TrialPartnership
Key Features
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Free Support
Email support Monday to Friday 9am – 5pm. (7 days per week in January).
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100+ Tax Saving Tips
Our software suggests tips to help you save on tax.
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Submit Directly to HMRC
Send your Self Assessment tax return directly to HMRC.
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Property Income (SA801)
Enter the income and expenses for any property income owned by the partnership.
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Foreign Income (SA802)
Enter foreign income received by the partnership.
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Disposal of Assets (SA803)
Enter disposals of any chargeable assets by the partnership.
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Investments Income (SA804)
Enter any savings, investment or other income received by the partnership.
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Add partners at anytime
Add partners to your tax return at any time.
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Free TrialMAKING TAX DIGITAL
Key Features
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Free Support
Email support Monday to Friday 9am – 5pm. (7 days per week in January).
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Hints and Tips
Our software suggests tips to help you save on tax.
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Update HMRC Quarterly
File quarterly updates to HMRC.
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Submits everything
Including an End of Period Statement and Final Declaration.
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Visual indicators
Visual indicators of submissions due/overdue.
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Tax Estimate
Real time income tax estimates throughout the year.
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Capture digital records
Uploads photos of receipts and invoices.
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Categorise transactions
Once initially categorised the software remembers and does this for you automatically.
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Bank Account Integration
Works with your bank via OpenBanking to import transactions.
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Complete Solution
Works on its own, no other software required.
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Bridging
Can provide a ‘bridge’ to a spreadsheet or other software if you’re happy with what you’re currently using.
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