How Tax Works on Cash in Hand Work
Find out what happens about casual earnings limits and the tax side of things when accepting a cash in hand job
Anita Forrest
Can I Claim for the cost of a Replacement Bathroom for a Rental Property on my Tax Return?
If you are a landlord and replaced a bathroom in one of your rental property, the rules around what you can claim for against your income tax can be confusing. Let’s say you have replaced an old dated bathroom (bath, sink and handbasin) with a brand new one but added a heated towel rail. The … Read more
How Tax Works as a Self-Employed Cleaner
A jargon-free guide to taxes for self-employed cleaners including registering with HMRC, self-employed taxes, VAT & tax deductions.
Tax Guide for Self Employed Yoga Teachers
A jargon-free guide to taxes for UK yoga teachers, including registering with HMRC, self-employment taxes, VAT and tax deductions.
Tax Advice for Self Employed Musicians
Self Employed Musician? Here is our tax advice guide just for you. Whether you are starting out or just want to understand more about allowable expenses, here are some useful tips specifically for self employed musician. Register with HMRC as a Self Employed Musician Whether you are part of a band, play an instrument or … Read more
Tax Advice for Self-Employed Private Tutors
Here’s some tax advice for self-employed private tutors or anyone who is planning to become one. This tax guide will help you to understand more about: Registering with HMRC; Your responsibilities once you are HMRC registered; The taxes you need to pay; Tax-deductible expenses that reduce your tax bill; Other allowances and reliefs you may … Read more
The Ultimate List of Allowable Expenses for Landlords (Updated 2019)
As a landlord you may be wondering what expenses you can deduct from your rental income you collect on your Buy to Let Property. Here is a guide to some of the common costs you can deduct.
Handling VAT on Inter-Company Charges
Find out how to handle VAT on inter-company charges and the paperwork you need to keep for cross-business transactions.
How to Calculate Your Business Profits
When you are self employed the amount of tax you pay is based on your business profits. It means that you only pay tax on what you truly earn because you will inevitably have costs you need to pay for to be set up as a self employed individual. How Do I Work Out My … Read more
What is a Fixed Asset?
Confused by the concept of fixed assets in accounting? Then read on! In this guide, you’ll understand what a fixed asset is, how they are classified and appear on the balance sheet along with examples of fixed assets.