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.
Self-Employment
Here you’ll find articles specifically written for self-employed business owners to help you understand all aspects of going self-employed. From registering with HMRC, self-employment taxes and claiming expenses to calculating how much tax you’ll pay these easy-to-follow guides will take away that nagging feeling that you’ve missed a step setting up your business.
Going Self-Employed
- Beginners Guide to Going Self-Employed in the UK
- When To Register as Self-Employed
- Sole Trader vs Limited Company? What’s Better?
- How to Register as Self Employed with HMRC
- Do You Need a Separate Business Bank Account If You’re Self-Employed?
- Do You Need Business Insurance to Work as Self-Employed?
- A Beginners Guide to Self Employed Pensions
Self-Employment Taxes
- How Self-Employed Tax Works
- HMRC Payments on Account Explained
- How to Budget for Your Tax Bill
- How to Pay Yourself as a Sole Trader
Claiming Business Expenses
- How to Claim Self Employed Expenses
- How to Claim for Working from Home if You’re Self-Employed
- How to Organise Your Business Receipts
Other Helpful Guides
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.
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.
Autumn Budget 2021: Changes to Self-Employment Taxes
A summary of the 2021 Autumn Budget changes affecting the self-employed including class 1, class 2 and 4 national insurance.
SURF 1 and SURF 2 Tax Letters from HMRC
There’s been a sharp increase in SURF 1 and SURF 2 tax letters from HMRC. Find out why and what to do if you’re claiming a tax repayment.
Has the Tax Deadline Been Extended in 2021?
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.
Business Interruption Loan Scheme (CBILS) Explained
The coronavirus business interruption loan (CBILS) is a form of financial support during COVID-19 for larger business.
Bounce Back Loan Scheme Explained
The bounce back loan scheme helps small & micro businesses affected by Covid-19,supporting them with government backed loans of up to £50,000
What is An Accounting Period?
Understand what is meant by accounting period, how to choose one and what happens if you decide you’d like to change your accounting period.
Government Support For the Self-Employed During Coronavirus
The government has launched a number of schemes to help the self-employed financially during the coronavirus crisis. Here’s an overview of what’s available.