Our Favourite Time Tracking Apps for Freelancers

favourite time tracking apps for freelancers and self employed sole traders

Whether you are an employee, freelancer or run your own business, time is often your top priority. It influences how early you wake up in the morning, the length of lunch break you take, your social life activities and how late you go to sleep. When scheduling your work time, you might rely on things … Read more

Do I Have to Pay Tax On eBay, Amazon and Gumtree Sales?

Do I Have to Pay Tax On eBay, Etsy, Amazon and Gumtree Sales?

One question we are often asked is whether tax needs to be paid from selling online from sites such as eBay, Etsy, Amazon or Gumtree.

If you are selling something you simply don’t want but you own already, you probably don’t need to pay any tax or let HMRC know. However, if you are a regular seller making a profit or are paid for a service you provide online, then you may need to let HMRC know what you are doing and pay tax.

10 Common Excuses for Filing a Late Tax Return Revealed by HMRC

With the online self assessment tax return deadline looming, HMRC has revealed a list of common excuses given for not filing a tax return on time. The deadline for Paper Self Assessment returns is the end of October, while Online Self Assessment tax returns must be submitted by January 31st. This years deadline is only a … Read more

What are your Duties as a Director?

It’s a New Year and you have made a New Start.  You’ve taken the first steps to becoming your own boss and formed a Limited Company.  While you are busy juggling running your business, making sales and managing cash flow it is important to be aware of your legal duties as a Company Director. Companies … Read more

Tax Advice for Self Employed Photographers

Tax Advice for Self Employed Photographers

If self employment is new to you, it can be difficult to know where to start and what it all means.   Here I show you how to get started as a Self Employed Photographer, unravel some of the confusion around taxes and get you prepped for doing your first tax return. What is Self … Read more

What is Amortisation?


Looking to learn more about amortisation? Read on to find out the definition of amortisation in accounting, examples of how you calculate it and which types of assets are amortised.