Self Employment Tax

Understand what business expenses are tax deductible for the self employed, the HMRC rules to follow & how to claim them on your tax return.

Getting ready to complete the self-employment section of your self-assessment tax return? Confused about where to find the numbers you need and the allowances you need to claim that will help you to pay less tax? Then, this guide is for you! Here you’ll find a step-by-step guide to completing the self-employment section, which numbers you need and extra help with things like capital allowances, CIS and national insurance as well as who can fill in the short-form tax return (SA200) – a real time saver.

Your business turnover consists of your total sales, takings, fees and any other money you earned during your accounting period.

Find out how the blind person’s allowance works, how much is available, who is eligible to claim it along with how to claim it from HMRC.

Wondering when you registered as self-employed? Here are two ways you can use to check when HMRC set you up as a sole trader.

Disallowable expenses are things you can’t put on your tax return to reduce your tax bill. But which ones are they? Find out in this guide with examples.

Four tax-efficient ways you can make use of your tax loss to reduce your tax bill either immediately or in other tax years.

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.

Understand how to calculate UK depreciation, depreciation rates (straight-line and reducing balance methods) and the double-entry bookkeeping entries used in accounting.

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