Whether you’re self employed or run your own small business, you’ll know just how important it is to keep all your taxes up to date. Sometimes this process can get rather confusing, and you might not know the best way to save yourself money by paying less tax.
Although there is the option of using an accountant to help you with your taxes, there are also plenty of apps available that can help you along the way. For example, the WriteTax: Tax Saving Tips app for iOS devices will provide you with 21 practical tax saving tips.
According to the appshopper.com website, the WriteTax: Tax Saving Tips app – which costs £8.99 – includes tips such as pensions for non-earners, don’t waste allowances and maintain your NIC record. Another great iOS app is the Tax Saver UK app.
Tax Saver UK is a free application that has been designed to help small businesses save money. All users have to do is enter their annual profits, and the app will calculate whether or not they will save more money by registering as a limited company or remaining as a sole trader.
You also have the option of the Tax Avoidance A Practical Guide for UK Residents app, which will provide you with tax saving ideas and techniques. Whether you’re an individual, a family, a couple, elderly or a business owner, this book will have a tax saving idea for all.
April 15th ’11 is another good app for self employed people and those who run their own home businesses. This app allows you to enter all your deductable expenses as you incur them, either daily, or every few days. It then remembers your deductions, and does it all for you.
You might also like to take a look at this recent article at forbes.com by Melissa Hincha-Ownby. The article provides a list of the top 5 tax apps for the Apple iPhone.
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