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Home Tax Tips for the Self Employed

Tax Tips for the Self Employed

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...

Self Employed Tax Tip: 4 Disallowable Expenses

One of the most difficult conversations an accountant can have with a client is one where they have to break the news that the...

Tax Free Childcare for the Self Employed

The Tax Free Childcare system is available to self employed parents, to help them with support for childcare costs.  If you are self employed...

Tax Tip for the Self Employed: 3 Top Tips for Landlords

Tax rules have always changed, but never have they changed so much than they have for landlords recently.  Here are 3 top tax tips...

Tax Tip for the Self Employed: Claiming Home Office Expenses

If you are self employed and work from home, then there are two methods you can choose from to claim for the cost of...

Tax Tip for the Self Employed: Budgeting for Your Tax Bill

When you're self employed everything you are paid will be untaxed and it is your responsibility to work out how much tax you have...

Tax Tip for the Self Employed: Tax Losses & Class 4...

When it comes to working out your tax and national insurance when you are self employed, it is important to appreciate that the calculation...

Tax Tip for the Self Employed: The Strategic Use of Tax...

Making a loss in business is perfectly normal however if you are self employed it can be worrying. Will anyone see it? What will...

Tax Tip for the Self Employed: Annual Investment Allowance

When you are self employed you are responsible for buying all the tools and equipment you need to run your business.  If you have...

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.