We’ve improved the notification handling, particularly on the App resume to improve loading time.
You can download our app by searching for NJB TAXBACK in the app store or with the links below.
https://bit.ly/NJB-TAXBACK-android
https://bit.ly/NJB-TAXBACK-apple
We’ve updated the progress screen to include the step your currently on, along with the phase to give you a clearer overall picture of how you’re tax return is progressing.
You can download our app by searching for NJB TAXBACK in the app store or with the links below.
https://bit.ly/NJB-TAXBACK-android
https://bit.ly/NJB-TAXBACK-apple
We’ve updated the log-in screen to improve the logged-in experience and aim to stop the App from forcing users to sign out.
You can download our app by searching for NJB TAXBACK in the app store or with the links below.
https://bit.ly/NJB-TAXBACK-android
https://bit.ly/NJB-TAXBACK-apple
We have combined our expertise and 13+ years of experience in accounting to develop a one-stop App-based solution to completing your end-of-year accounts and compliantly saving as much tax as possible.
Our industry-leading features include:
In-App real-time tax return progress updates, giving you 24/7 complete control of our processes and next steps.
Access to an integrated document portal where you will find your tax returns, SA302s and anything else you may need, whenever you need them.
A dedicated messaging platform to ensure all our communication is always in one place regardless of the device, phone number or platform you prefer to use.
Access to your profile, where you can always find your UTR number or update your contact details.
Access to our support hubs, where you can find answers to the most frequently asked questions, our latest blog posts, and plenty more information to ensure your trading as tax-efficiently as possible.
You can download our app by searching for NJB TAXBACK in the app store or with the links below.
https://bit.ly/NJB-TAXBACK-android
https://bit.ly/NJB-TAXBACK-apple
Yes, and technically both are the same thing. Your business legal entity is a sole trader, and you subcontract in the construction industry scheme.
You are most definitely a business and should be operating out of a Business account.
Sole-traders, limited companies, partnerships, CIS subcontractors, if you are self-employed and trade as any of the above, the chances are you should already have a business bank account.
No, not yet…
However, you will find that operating through a personal current account for business purposes will be against the bank terms and conditions, as they will want to impose their business account fees.
Your account is at risk of immediate closure at the bank’s discretion should they judge you to be acting in breach of the T’S & C’s.
It is just good practice to use the correct account for the correct purpose, especially if you can get a free one.
You’ll find links to the business accounts we recommend in our business banking hub.
Simply, everything related to your business, all income, cheques, cash, comes into the business account.
All business purchases, bills, stock, materials, supplies, direct debits, fuel, phone, everything related to the business go out of the business account.
Simply, everything related to your business, all income, cheques, cash, comes into the business account.
All business purchases, bills, stock, materials, supplies, direct debits, fuel, phone, everything related to the business go out of the business account.
Once you have separated your finances, you can then identify how much comes into the business and how much your business needs to cover its costs.
Whatever is then leftover in the business account is the profit (minus tax and NI.)
You can also make use of the “Goals” feature in Starling to tuck money away for tax bills and any future long-term costs etc.
You can then set up a weekly/fortnightly standing order referenced as “owners draw” for X amount of the profits into your personal current account (we also recommend Starling)
The aim is to transfer over enough weekly to keep dipping in and out and transferring over regularly.
You’ll find the more you separate your finance and review what’s going where the easier it will be to work out how much you can effectively “draw” from the business on a weekly/monthly basis.
Simple!
You can find your turnover in Box 9 on page 1 of the sa103s section of your tax return.
Here’s an example
Your tax returns are provided for your approval by whichever means of communication you prefer, WhatsApp, email, Facebook etc.
If you would rather confirm your turnovers without waiting for us to come back to you.
You can contact HMRC on 03002003310 and ask them to confirm your turnovers for the last three years. This shouldn’t take more than 15 minutes.
You will need your UTR number and national insurance number to pass security.
Ask for your turnover from Box 9 in the sa103s section of the most recent version of your tax return for years 18.19,19.20 & 20.21.
You may also be able to view and download your Tax returns through your HMRC gov. account by following the link to the self-assessment section.
Please note this may require an additional activation code, which will take 10 days to arrive.
If you’d like our support for the 5th grant, here is the link to that service:
Purchase 5th Grant support.
Many Thanks.
HMRC Turnover Guide
Claim the 5th Grant
Contact HMRC
We have released our Turnover comparator, along every with everything you need to know about the 5th Grant, which you can find here.
Many Thanks,
Nicholas.
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