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SA103s Box 20: How do I populate Box 20 to show total allowable expenses?
Box 20 gets populated automatically based on the entries in boxes 11 to 19. To show self employed expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. ...
SA103s Box 19: How do I show other allowable business expenses?
To show other allowable business expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + ...
SA103s Box 18: How do I show phone, fax, stationery and other office costs?
To show phone, fax, stationery and other office costs, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 17: How do I show interest and bank and credit card financial charges?
To show interest and bank and credit card financial charges, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list ...
SA103s Box 16: How do I show accountancy, legal and other professional fees?
To show accountancy, legal and other professional fees, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 15: How do I show repairs and maintenance of property and equipment?
To show repairs and maintenance of property and equipment, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 14: How do I show rent, rates, power and insurance costs?
To show rent, rates, power and insurance costs, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on ...
SA103s Box 13: How do I show wages, salaries and other staff costs?
To show wages, salaries and other staff costs, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the ...
SA103s Box 12: How do I show car, van and travel expenses ?
To show car, van and travel expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + GROUP ...
SA103s Box 11: How do I show Costs of goods bought for resale or goods used?
To show the Costs of goods bought for resale or goods used, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 10.1: How do I show the Trading Income Allowance?
To show the Trading Income Allowance, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + INCOME ...
SA103s Box 10: How do I show any other business income not included in box 9?
To show any other business income not included in box 9, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 9: How do I show my Self Employed turnover?
To show your Self Employed turnover, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + INCOME ...
SA103s Box 8: How do I show that I have used traditional accounting rather than cash basis?
To show that you have used traditional accounting rather than cash basis, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from ...
SA103s Box 7: How do I show the date my books or accounts are made up to?
To enter the date your books or accounts are made up to, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...
SA103s Box 6: How do I enter the date my business ceased?
To enter the date your business ceased on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select ...
SA103s Box 5: How do I enter the start date of my business if it started after the 5th April?
To enter the start date of your business on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select ...
SA103s Box 4: How do I show that I am a foster carer or shared lives carer?
To show that you are a foster carer or shared lives carer on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of ...
SA103s Box 3: How do I show that my business details have changed in the last 12 months?
To show that your business details have changed in the last 12 months on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on ...
SA103s Box 2: How do I add the postcode of my business address?
To add the postcode of your business address on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. ...
SA103s Box 1: How do I add the description of my self employed business?
To add the description of your self employed business on the Self Employed Short pages (turnover less than £85,000), please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the ...
SA103: Entering your car as a capital allowance
1. Ensure you have the 'Car, van & travel expenses' group on your SA103 form 2. Click on ADD 3. Click on 'Car purchase' from CATEGORY dropdown 4. Enter the date you 'purchased the car' or 'introduced it into the business' 5. Type in a description to ...
SA100 : Claiming loss relief against other income in same year
If you make a loss in your self-employment, you can offset the loss against your other income in the same tax year. To do this, ensure your self-employment pages have been completed in full and head over to the REPORTS page and download a copy of ...
SA100 : How do I add self employed losses from a previous tax year to my tax return?
1. When on the self employed page please click EDIT 2. In the new popup please scroll down the page until you see 'losses from previous year'. Enter the total losses available to this box and then save. This will add the losses to your tax return and ...
SA103: Self Employed Income Support Scheme (SEISS)
If you have made a claim for the Covid-19 SEISS scheme as a sole trader this income needs to be declared on your 2020/21 tax return. HMRC require these payments to be detailed on your tax return. To help you do this we have add a new income category ...
SA103 : How do I add CIS payments?
Click on + NEW PAGE on the left of the screen. Select Self Employed (SA103) from the list shown. Click on the + INCOME button. Select Construction Subcontractor Income from the list shown. Enter the CIS Deduction figure in the box - Subcontractor Tax ...
SA103 : Connecting to Sumup
To connect to Sumup you must first add a self employed page in GoSimpleTax, if you have not done this during your initial set up you can use the '+ NEW PAGE' button to create the page. Please note that you will be able to try this integration during ...
SA103 : Sumup Integration getting started video
SA103 : Connect to Freeagent
To connect to Freeagent you must first add a self employed page in GoSimpleTax, if you have not done this during your initial set up you can use the '+ NEW PAGE' button to create the page. Please note that you will be able to try this integration ...
SA103 : Self-Employed: Home as Office
If you are Self-Employed and work from home, you may be entitled to claim part of your home expenses as a deductible expense. HMRC will allow a small charge of £2 per week without query. If a larger amount is claimed then you may be asked to justify ...
SA103 : Self-Employed: GoSimpleTax's expenses list
According to HMRC " If you are self-employed you’ll have various running costs and expenses. You take these costs and expenses away from your business income to work out the profit in your accounts. You can only deduct certain expenses as they aren't ...
How can I record an Asset Disposal?
1. Click '+ NEW PAGE' and then select 'Self-employed (SA103)' from the listed categories 2. Fill in the boxes provided 3. Click 'SAVE' 4. Click '+ GROUP' under the 'Expenses' tab and then tick the relevant groups 5. Click 'SAVE' 6. From the drop-down ...
SA103 : Which Date Should I Use When Recording My Invoices?
Do you prepare your tax return on a Cash or Accrual Basis? Cash basis - income and expense are recorded on the date paid (expense) and received (income). Accrual basis - income and expense are recorded when incurred, regardless of when cash is ...
How do I Add My Payments on Account?
If you're self-employed, please follow the steps below: 1. Click on '+ GROUP' 2. Select 'Payments on Account' from the list of categories and then click 'SAVE' at the bottom 3. Click on '+ ADD' 4. Select 'Payments on Account', fill in the entries and ...
SA103 : My business has ceased trading
Click on the Self Employment Page Click on Edit Select the YES Radio button to show that the business ceased trading Enter the Business End Date Click SAVE You should also notify HMRC. Please see the links below for further guidance: ...
SA103 : Can I add depreciation to the self employed page?
Yes, it is possible to add depreciation to the self employed pages. However, it is important to note that 'depreciation' does not attract any tax relief so will be excluded from the tax calculation. To obtain tax relief on the purchase of any ...
SA103 : How do I show Goods/Services taken for personal use?
Click on on the Self Employed Page Click on ADD GROUP EXPENSE Select Tax Adjustments Click Save Click on ADD EXPENSE Select Goods and Services for own use Enter the amount Click Save
SA103 : Foster Carer or Shared Lives Carer
If you are a Foster Carer or a Shared Lives Carer, you can show this on your Tax Return, Self Employed Page Add the Self Employed Page Click on the EDIT button Select the Foster Carer Radio Button Click SAVE
Trading Income Allowance
Please watch the following video or follow the instructions as shown below: 1. Once you're on the 'Self-employed (SA103)' page, click '+ INCOME' 2. Select 'Trading Income Allowance' from the drop-down list of categories 3. Click 'SAVE' once you're ...
Losses carried back to previous years
Losses carried back to previous years Click on + Group Expenses Select Tax Adjustments Select the category Current Year losses to carry back to previous years