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Tax Hub

How to Calculate Your Business Turnover for Your Self Assessment Tax...

It's crucial to calculate your business turnover correctly for your self assessment tax return. Show too much and you'll pay too much tax.  Show too little and you could face penalties.

What Expenses Can You Claim As Self Employed on Your Self...

One of the perks of being self employed is that you get to claim expenses against your income.  Claim correctly and you'll reduce the...

Simplifying Self Assessment: Using the Cash Basis

If you are self employed then using the cash basis when you work out the figures on your tax return can make your work a...

What to Do If You Have Lost Your HMRC User ID...

Here's what you need to do if you have lost Your HMRC User ID or Password, or both!

What is a National Insurance Number and Where to Find it

A National Insurance Number is a unique reference number give to each individual in the UK to track their National Insurance Contributions. Here's everything you need to know about it, why you have one and how to find it - even if you have lost it!

What is a UTR Number: Here’s Everything You Need to Know

Being self employed is full of lots of new concepts, including understanding your UTR number. Here is everything you need to know about your UTR...

What is Tax Planning and What’s it Objective?

What is Tax Planning? Tax Planning refers to the analysis of the fiscal situation from a tax viewpoint. The sole purpose of tax planning...

Self Employed Tax Tip: How to Prepare to File Your Own...

If you're getting ready to file your own tax return and aren't sure where to start, read on.  I've compiled a list of handy...

Self Employed Tax Tip: Marriage Allowance

The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.

Self Employed Tax Tip: Claiming Working Tax Credits

Working Tax Credits are available to eligible individuals who earn below a certain threshold, including those who are self employed.  In order to qualify...

Freeagent UK Review 2018: Cloud Accounting Software 30 Days Free +...

The Simplest bookkeeping system designed just for freelancers and the self employed. Bank feeds, automation, snap receipts, time tracking, invoicing and much more. Find out more about Freeagent and how I use it in my business to automate my bookkeeping and tracking.