Free tax tips and advice for UK self-employed, freelancers and sole traders
The tax return deadline, normally 31 January each year, has been extended to 28 February 2021 for this year only in response to the number of people struggling to file their tax return in these unprecedented times.
If you’re filling in your tax return, the traditional accounting can benefit you in certain circumstances or cause you to pay more tax. Find out more about this way of accounting and alternatives if you think it is making you pay extra income tax.
Claiming expenses reduces your tax bill, but you can’t claim everything. Here’s what you need to consider when it comes to coaching.
How to claim the averaging adjustment, why authors, writers and artists are entitled to it and how it helps even out fluctuating tax bills.
The badges of trade is a test sometimes used by HMRC to determine whether a person is in business or has a hobby. Here are each of the badges
HMRC stands for ‘Her Majesty Revenue and Customs’. They used to be known as the Inland Revenue, which many people still refer to them by. What is the Main Function of HMRC? HMRC is responsible for the UK tax, payments and customs systems, collecting money to pay for public services and help families and individuals … Read more
Understand what tax a Limited Company must pay, the rates in place and the tax implications of paying yourself from your LTD.
A jargon-free guide to taxes for UK music teachers, including registering with HMRC, self-employment taxes, VAT and tax deductions.
Have you become a dog breeder? Not sure how tax & VAT affects you? Search no more! Read this guide to find out HMRC rules, deductions & returns.
The coronavirus business interruption loan (CBILS) is a form of financial support during COVID-19 for larger business.