How To Claim Motoring Expenses

If you're self-employed and own a car you'll probably have some motoring expenses which can be used in your annual accounts in order to reduce your tax bill. Claiming your motor expenses can be a little trickier than most of…

The Ultimate Landlord Tax Guide

If you asre a landord, you'll need to pay income tax on the rent you receive from your properties. This guide explains how you calculate what you pay and how income tax is applied to rental income. How much tax…

5 Important Record Keeping Tips for Small Businesses

Most small business-owners are so eager to jump behind the wheel of their business and start doing things “my way” that they often overlook the process of record keeping...

Tax tips for digital content creators

In todays ever increasing digital world more and more people are creating content either as a hobby or as part of a new profession, this can range from writing a blog, creating their own YouTube channel or by live streaming…

2018-19 tax changes you need to know about

If you're running your own business it is very important that you keep yourself up to date with any tax changes in a new tax year. 2018-19 is no different and HMRC have made a few tax changes which you…

Common small business expenses & tax tips

Dealing with the taxation side of things is not necessarily the most exciting part of running your own business and working your yourself, however it can be one of the most important. Reducing your taxable profit and saving on your…

New Employers Guide

Once a business takes on its first employee usually they will be required ro register with HMRC as a new employer, this can even apply if the business only has one employee (for example if a Limited company has a…

Should I register for VAT?

As a small business or a sole trader VAT can often be misunderstood leaving business owners feeling anxious and unsure if they are required to become registered and how to go about registering if they are. In this guide we…

How To Register As Self-Employed

Once you have decided that you're going to begin working for yourself and you've decided which structure your new business is going to have (Sole Trader vs Limited Company – which is right for your business?) there are a few…

What can I claim for once Self-Employed?

As established in our  Becomming Self-Employed Guide taking the plunge and beginning to work for yourself and not having a guaranteed income as you would have as am employee can be a daunting prospect. However there are several things that you may…