Find out how the UK 60% tax trap works (which is 63% in Scotland), who has to pay the 60% tax rate and why in this post.
Find out what maternity allowance is available for the self-employed, how to apply & how long it’s paid for while you take time away from your business.
Understand the cash basis for tax returns, the rules around who can and can’t use this tax scheme and the advantages the cash basis can bring.
The Pension Allowance lets UK individuals contribute up to £40,000 each tax year into a private pension scheme. You will then get tax relief on these contributions. How to Claim It If you are employed, your employer will give you the tax benefit of your pension contributions every time they pay you. Otherwise, you’ll need …
Are you wondering how much you can earn before paying UK self-employment tax? Then read on! If you are self-employed you can earn up to £1,000 each tax year before paying tax in the UK by taking advantage of the trading income allowance. It’s a tax-free amount you can get paid in income (not profit) without …
Familarise yourself with the most common Self Assessment tax return mistakes & how to avoid them to ensure you file a tax return correctly.
Find out whether you can claim coffee as a business expense on your self assessment tax return.
Find out whether you can claim your gym membership as an allowable business expense if you’re self-employed.
Find out whether you can claim your subscription to Spotify and Netflix as an allowable business expense if you’re self-employed.
How HMRC defines temporary workplace & the rules you need to follow when working out whether you have a temporary or permanent place of work.