How to Claim Your Laptop as a Business Expense
Find out how to claim the cost of a new laptop as a business expense and other computer equipment as a tax deduction in the UK.
Anita Forrest
VAT Return Dates & Payment Deadlines
An overview of VAT return deadlines and payment dates and how to change VAT quarters with HMRC using a VAT484 form.
How Much Tax Do You Pay on Rental Income
You pay tax on rental income whether you are an accidental or intentional landlord. Here is an example of how to work out how much tax you need to pay.
Tax Advice for Self-Employed Deliveroo Riders
Deliveroo requires all their riders to be self-employed, despite recent controversy. If self-employment is new to you, it may be difficult to know where to start and what it all means. Here I show you how to get started as self-employed and unravel some of the confusion around taxes. What is Self-Employment Self-employment means that … Read more
How to Calculate UK Depreciation and Depreciation Rates
Understand how to calculate UK depreciation, depreciation rates (straight-line and reducing balance methods) and the double-entry bookkeeping entries used in accounting.
What Happens If Your Rental Property Makes a Loss?
It is entirely possible that you can make a loss on a rental property, for example if you had a lot of problems with the property or you offered a rent free period. The tax man does have a heart. If you own a rental property that made a loss you will not pay tax … Read more
How Much Interest does HMRC charge on Late Payment of Personal Tax?
With the deadline for making your Self Assessment Payment on Account looming (31 July), you may be wondering what happens if you make your payment late. Well apart from lots of reminders, HMRC will apply interest to the outstanding amount from 1 August. Currently this is 2.75% (see more here). If you do feel you … Read more
Tax Advice for Self Employed Cake Makers
Self Employed Cake Maker? 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 Cake Makers. Register with HMRC as a Self Employed Cake Maker Whether you bake for events, weddings or childrens … Read more
How to Claim Pre-Trading Expenses as a Sole Trader
Find out what pre-trading expenses you can claim as a sole trader as well as how to record them and enter them on your tax return
How Tax Works for Freelance Journalists
A jargon-free guide to taxes for freelance journalists, including registering with HMRC, self-employment taxes, VAT and tax deductions.