What is an L17 Statement of Earnings?
Understand the L17 statement of earning form, who completes it and when it can be used, and see an example form.
Tax
Tax can be a complicated subject, but they are an unavoidable part of running a business. What tax do you pay? When and how do you report your earnings? And how do you (legally) reduce how much you pay to HMRC? Wonder no more! In this section, you’ll find guides that cover all aspects of taxes, such as corporation tax, self-employment tax,income tax allowances and VAT.
Beginners Guide to Going Self-Employed in the UK
Not sure where to start with going self-employed? Start here! In this guide, I explain how HMRC registration & taxes work along with some other useful stuff you need to know when you embark on your journey to be your own boss.
The Pros and Cons of Self-Employment
Wondering if self-employment is the right choice for you? Here are some of the pros and cons of self-employment to help you decide.
Tax Return Filing Deadline Extension Explained
Find out about the tax return filing extension, which penalties will be waived and for how long, as well as how interest will be charged.
HMRC Tax Payment Plans Explained
Find out how you can arrange for more time to pay your self assessment tax bill with HMRC by setting up a payment plan.
Do I Need to File a Tax Return This January?
If you’re self-employed, read this guide to find out if you need to file a tax return by 31 January 2022.
HMRC SA250
Find out about the SA250 form issued by HMRC to taxpayers in the UK, when it is issued and what information it contains. 1. What is an SA250 from HMRC? An SA250 is a welcome letter issued by HMRC to taxpayers newly registered for self-assessment. Once successfully registered, HMRC allocates the individual with a UTR …
Taxes on Affiliate Income Explained
Understand what tax you need to pay on affiliate income, tax-free exemptions that exist so you can keep what you earn & letting HMRC about your income.
Employers National Insurance Rates Explained
Understand employers national rates, how employers pay NI on the salaries they pay as well as on benefits in kind.
The Secondary Threshold for National Insurance
Understand the secondary threshold for national insurance, the 2021/2022 NI rates payable and how these will change in the future tax years.