How to Repay Your Student Loan When You’re Self-Employed
Find out how your student loan repayments need to be made if you’re self-employed, when they start and how to declare them to HMRC.
Anita Forrest
Tax Guide for Self-Employed Actors & Entertainers
A jargon-free guide to taxes for self-employed actors including registering with HMRC, self-employment taxes, VAT and tax deductions.
Tax Advice and Allowable Expenses for Opticians
Optician? It’s time to take a look at your tax responsibilities, business record keeping skills and understand some of the tax reliefs that you could be entitled to. Whether you are self employed or operating a limited company, you will be liable for tax. If you are a self employed you will need to complete … Read more
Double Entry for Share Capital
The double entry for share capital depends on whether the shares are paid or unpaid. Double Entry for Unpaid Share Capital Dr Other debtors (or Directors Loan account) Cr Share capital Double Entry for Paid Share Capital Dr Bank Cr Share capital
Tax Guide for Self Employed Dentists
A jargon-free guide to taxes for self-employed dentists, including registering with HMRC, self-employment taxes, VAT and tax deductions.
Tax Advice for Self Employed Dog Walkers
A jargon-free guide to taxes for self-employed dog sitters including registering with HMRC, self-employed taxes, VAT & tax deductions.
Our Favourite Time Tracking Apps for Freelancers
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?
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