Taxes, urgh! Who knew following your dream to start a business could be so complicated? From knowing which ones you pay to messing around with tax returns and owing more than you expected – tax can be one of the most stressful parts of running a small business. Here you’ll find guides that cover all aspects of taxes, such as corporation tax, self-employment tax, income tax allowances and VAT. Just choose a category to find out more.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Optician? It’s time to take a look at your tax responsibilities, business record keeping skills and understand some of the tax reliefs that you could be entitled to. Whether you are self employed or operating a limited company, you will be liable for tax. If you are a self employed you will need to complete … Read more
A jargon-free guide to taxes for self-employed dentists, including registering with HMRC, self-employment taxes, VAT and tax deductions.
A jargon-free guide to taxes for self-employed dog sitters including registering with HMRC, self-employed taxes, VAT & tax deductions.
One question we are often asked is whether tax needs to be paid from selling online from sites such as eBay, Etsy, Amazon or Gumtree.
If you are selling something you simply don’t want but you own already, you probably don’t need to pay any tax or let HMRC know. However, if you are a regular seller making a profit or are paid for a service you provide online, then you may need to let HMRC know what you are doing and pay tax.
With the online self assessment tax return deadline looming, HMRC has revealed a list of common excuses given for not filing a tax return on time. The deadline for Paper Self Assessment returns is the end of October, while Online Self Assessment tax returns must be submitted by January 31st. This years deadline is only a … Read more
If you are a Buy to Let Landlord you will no doubt be aware of how unpopular you are with the Government and the changes that are about to affect you. The Buy to Let Mortgage tax changes start to kick from 6 April 2017. It means that by 2020 Landlords who own property with … Read more
If self employment is new to you, it can be difficult to know where to start and what it all means. Here I show you how to get started as a Self Employed Photographer, unravel some of the confusion around taxes and get you prepped for doing your first tax return. What is Self … Read more
If you know the HMRC rules and stick to them there is no reason you can’t give your Employees a Tax Free Christmas Gift. After all it is the ideal time to thank you employees for all their hard work in the year. So before you start ordering here’s what you need to know about … Read more