A Simple Guide to Tax and National Insurance When You Go Self-Employed

tax and national insurance if you're self-employed

When you are self-employed it is your responsibility to work out your own tax and national insurance, then report it to HMRC. This guide covers everything you need to know about self-employment taxes including how much you can earn before you pay tax and national insurance and a calculator help you work out how much you owe.

HMRC Advisory Fuel Rates 2019/2020

hmrc advisory fuel rates

What Are the HMRC Advisory Fuel Rates for 2019/2020? The HMRC Advisory Fuels Rates are the amounts set out by HMRC that you need when: reimbursing employees for business travel who have company cars; setting rates that employees repay businesses for private fuel use on fuel cards; calculating VAT on mileage claims. You’ll need to (more…)

What is HMRC Self-Assessment

What is HMRC Self Assessment

If you are self employed then understanding what is HMRC Self Assessment is critical. Failing to misunderstand it, meet its requirements and deadlines will result in automatic penalties and interest.

How to Take Credit Card Payments in Your Small Business

Take credit card payments

In an increasing cashless world being able to take credit card payments in your small business could be the difference between making a sale or not. Taking credit card payments has never been easier – all you need is a mobile phone and card reader which is so small it can go in your pocket!

Tax Advice for Self-Employed Bookkeepers

tax advice for self-employed bookkeepers

Even as a self-employed bookkeeper, taxes can be tricky to get your head around. Here I show you how to get started as a Self-Employed Bookkeeper, unravel some of the confusion around taxes and get you prepped for doing your first tax return. You are not restricted to just being self-employed either.  You can even (more…)

Essential Tools to Run a Successful Business

small business tools and resources

Why work harder if you can work smarter? And with a wealth of business tools and tech out available, there’s no reason you can’t. The trouble is knowing which business tools to choose. Here are the the digital tools and resources I have in my arsenal that have made my job easier than ever.

How to Start a UK Bookkeeping Business from Home

How to Start a UK Bookkeeping Business from Home

A growing number of people are choosing to start a bookkeeping business from home. Why? Well with the entrepreneurial spirit stronger than ever and the government encouraging small business growth, there is more demand than ever for the support of bookkeepers to help entrepreneurs understand their numbers. This growing demand coupled with the relatively low (more…)