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Video instructions and help with filling out and completing Fill Form 8655 Refunds

Instructions and Help about Fill Form 8655 Refunds

Hey guys, in this video, we will walk you through how to complete the HMRC self-assessment tax return. I have completed tax returns for my limited company before, but I have never completed one for myself, especially with the added complexity of working full-time and doing freelance work on the side. I couldn't find any material on how to do it, so I figured I would just show you how I did mine. Of course, I am not a tax guy or a tax accountant. If you can, try to get yourself a tax accountant and ask for a personal recommendation from a friend, as some of them can be unreliable. It is your responsibility to ensure that everything is correct, so I recommend seeking a personal recommendation. Secondly, I will walk you through how I filled out the tax return for myself. Keep in mind that your case may be different, but it can still be a helpful exercise to see how to fill out the forms. It may make you more confident in doing it yourself, or it may make you realize that you need a professional to assist you. Before you get started, though, make sure you have your bookkeeping and accounts in order. Bookkeeping is simply keeping track of all your receipts and invoices, while accounts involve adding up your totals for the year. The tax year actually starts from April and ends in the following April. Alright, enough talking. Let's walk through the process together and see how it goes. To begin, go to gov.uk and search for "file an annual return" or go to Companies House and sign in by entering your government gateway credentials. If you don't have a government gateway account, you can register for one using the provided link. Once you...