How’s this for a graph-ic representation of the true impact of Covid-19 on taxi drivers?* You can plot the mini recoveries as the Tiers/Restrictions were tweaked, but sadly they were not enough to reach this driver’s Minimum Income Target of £3,500. The Green columns represent this typical London taxi drivers income and the red columns, his expenses. Of course, the …
All I want for Christmas is a tax return – surely not?
What did you do on Christmas Eve? OK, 2020 was a year like no other but were you beavering away filling in your tax return? No? Well, over 20,000 self-employed people were. Plus, there was another 2,700 filing on Christmas Day according to HMRC! Interestingly, the peak time on Christmas Day for completing those pesky tax returns was 14:00 to …
Taxi Driver Struggles Continue
£50 in a ‘good day’ – Scotland’s taxi driver struggles continue Some disturbing news came out last week, with a Unite Scotland survey of our 200 taxi drivers across Scotland confirming the hardship many drivers are facing. The headline figure as reported in TaxiPoint of “£50 in a good day” would be worrying enough but when coupled with those days …
The Tax Deadline – Is Fast Approaching
Christmas & New Year – usually a very busy time for all professional drivers? You’re the lifeblood of the Christmas effort; it wouldn’t be the same without you! FACT. This year has been disastrous for some of our subscribers but brilliant for others. The taxi trade has taken an absolute hammering throughout the year, and this period which normally boosts …
Release the WIZARD!
We’ve just updated our web-app again! Don’t you love it when things just keep getting better? We do! The feedback we get from our subscribers is really our driving force. Self-employed drivers helping us,… to help them! The value of listening is – it kinda spurns you on to greater things. That feedback is the foundation of the improvements we’ve …
Knowledge Base
Knowledge is everything, isn’t it? The development of your new Knowledge Base is now live. Hopefully, it helps cut through the clutter your brain has been filled with by your accountant, or the confusion found on HMRC’s website! We’ve kept it direct and straightforward, providing you with answers to only questions that concern self-employed professional drivers. Unsure about things like: …
Success – You’ve made it through!
You got past January In the trade it’s aka the “suicide month”! Christmas, a distant memory. Hardly any jobs and tax bill to pay You’ve slipped the noose – “WINNING”! Hopefully you enjoyed later starts and earlier finishes Enjoyed days off with the family Some drivers take the whole month of January off, because it’s just sooo quiet Hey, why …
Still Going Strong
Another day another dollar! Are you thinking, I’ve just about had enough of Christmas already? Long days, long nights and long shifts, is that what December means to you? Is that the price of being your own boss? You know that if you “keep it going” for a little bit longer. You’ll be able to put your feet up in …
How To Save The App To Your Homescreen
Let’s do a little bit of housekeeping… A few users have asked… “Is there an easier way to enter the App rather than having to enter the full URL address” – www.thetaxapp.net every time they want to visit it? YES, there is Just save it to the homepage on whichever device you’re using (It will run on …
B&B owners and cabbies top list of tax shirkers
IFS analysis of HMRC self-assessment data shows 1:3 returns under-report tax owed either in error or on purpose, rising to 2:3 self-employed. With B&B owners and cabbies at the top of the list of tax shirkers! The IFS found that most underpayments involve less than £1,000. New analysis shows Bed and breakfast owners and taxi drivers are the British workers …