Join Truro and Penwith College's Multiply Team for an insightful workshop on tax matters featuring special guest speaker Pete Masters, Chartered Accountant at Tolvern Accountants.
We will delve into valuable tax-saving strategies, such as a fixed-rate home allowance and other practical tips, empowering you to implement simple yet effective methods for tax savings.
Learn tax tips and calculations to make your responsibilities as a self-employed individual easier. Pete will offer expert advice and present on various crucial topics such as:
Learn tax tips and calculations to make your responsibilities as a self-employed individual easier. Pete will offer expert advice and present on various crucial topics such as:
- Responsibilities and obligations in tax matters and financial penalties
- Motor expenses and use of home as an office
- Practicing good habits for effective tax management.
- Understanding class 2 and class 4 NICs and payments on account.
- Insight into when to consider trading as a company or partnership or become VAT registered.
- Importance of keeping accurate records and having a separate bank account for the business.
- Exploring the actual role of accountants in self-assessment.
- Demystifying tax language and vocabulary found on self-assessment tax returns, including terms like revenue, capital purchase, depreciation, gross/net, profit, tax allowance, UTR, CIS
In addition to Pete's presentation, the Multiply team will facilitate engaging maths activities aimed at reinforcing your tax knowledge:
- Calculating tax and National Insurance
- Understanding National Insurance and Tax allowances.
- Calculating gross and net pay.
- Calculating profit & loss.
- Effective time management strategies for good book keeping.
Don't miss this opportunity to enhance your understanding of tax and strengthen your financial management skills! Reserve your spot now for an enlightening and interactive workshop experience.
Food and refreshments are included as part of this session.
Please contact us at [email protected] if you feel you would be unable to attend any of our events due to transport or childcare - we may be able to offer financial support.