fbpx
Home Tax Advice

Tax Advice

calculate your business turnover

How to Calculate Your Business Turnover

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

Whoops! You need to be a member to read this. Please sign up for FREE MEMBERSHIP to access this and more great content!

HMRC Annual Maximum for National Insurance Contributions

When you are employed and self-employed you'll pay Class 1, Class 2 and Class 4 national insurance. That can add up, especially if you have substantial earnings. HMRC sets out a maximum amount every tax year of national insurance that you need to pay. Here's how to check if you are overpaying and how you can get a refund.
Voluntary class 2 national insurance contributions

Should I Voluntarily Pay Class 2 National Insurance?

Depending on your profits from self-employment you may not need to pay Class 2 National Insurance. But you do have the option to pay it voluntarily. So why would anyone pay something they don't have to? Let's look at why.
tax advice for self-employed foster carers

How Tax Works for Foster Carers

Foster Carers need to follow special tax rules and are entitled to unique tax allowances that help reduce their tax bills. This guide covers what you need to do, the forms you'll need to fill out and how your taxes will work.
blind persons allowance

Blind Person’s Allowance 2019/2020

The Blind Person's Allowance is an additional amount of personal allowance given to those who qualify to claim it.
High Income Child Benefit Tax Charge

£50,000+ Income Child Benefit Tax Charge

If you or your partner earn between £50,000 and £60,000 then you'll need to pay back any child benefit you have received in the form of an Income Tax Payment.
child benefit

Child Benefit 2019/2020

Child benefit is a payment by the government to support certain people who are responsible for children up to the age of 20. The amount you can claim, if at all, depends on yours and your partner's circumstances, as well as the number of children you are responsible for.
self-employed paternity pay

2019 Guide to Self-Employed Paternity Pay

When you're a self-employed dad-to-be getting to grips with your paternity pay rights will help with: planning the...
tax advice for self-employed painters and decorators

Tax Advice for Self-Employed Painters and Decorators

Here's some tax advice for self-employed painters and decorators who want to: Understand more about self-employment taxes;Reduce their tax...
Can You Be Self-Employed and Only Work for One Company?

Can You Be Self-Employed and Only Work for One Company?

With HMRC racking up cases against the likes of Uber, Deliveroo and Pimilco Plumbers it can be worrying if you are self-employed...
error: Content is protected !!