Annual Investment Allowance Explained
A jargon-free guide to the annual investment allowance including how AIA works, what types of purchases qualify and how to claim it from HMRC
Tax Allowances
Income tax allowances and reliefs for the UK self-employed, freelancers and sole traders
Thousands of Self-Employed Workers Overpaid SEISS Grant
HMRC has admitted making mistakes when calculating self-employed entitlement to the SEISS grant meaning thousands have been overpaid.
Starting Rate for Savings
The starting rate for savings allows certain UK taxpayers to earn £5,000 of savings interest without paying tax. Find out what you are eligible for here and how you can claim it.
Income Tax Allowances and Reliefs
The main income tax allowances and reliefs that reduce the amount of tax you have to pay. The ones you can claim depend on your personal circumstances and business spending.
Personal Savings Allowance
The personal savings allowances lets UK individuals earn a certain amount of interest on their savings and investments tax-free every tax year, depending on the rate of tax they pay.
Maternity Allowance for the Self-Employed Explained
Running a business and being a mum-to-be can be a challenger. Not to mention worrying about loss of income while you take maternity leave. This allowance is brilliant if you’re a small business owner/self-employed.
Blind Person’s Allowance 2019/2020
The Blind Person’s Allowance is an additional amount of personal allowance given to those who qualify to claim it. The additional allowance means anyone who is eligible to earn more before paying tax. Blind Person’s Allowance 2019/2020 The allowance changes every tax year. The current allowance is: The current personal allowance rates are: That means … Read more
New Enterprise Allowance Scheme Explained
Go from job seeker to business owner with the New Enterprise Allowance. You’ll get mentoring & a grant to get your business off the ground.
Marriage Allowance Tax Rebate 2020/21
The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.
HMRC Capital Allowances 2019/2020 for the Self-Employed
Capital allowances are rates set by HMRC that self-employed business owners must use to claim tax relief on fixed assets. So if you have purchased an asset for your business, then this is how you can claim tax relief on your self-assessment tax return form. What is a Fixed Asset A fixed asset is something you … Read more