Self-Assessment Tax Return FAQs

With the 31st of January fast approaching so does the deadline to submit your 2018/19 Self-Assessment tax return. If this is your first tax return it can seem like an intimidating task, and at times the guides provided by HMRC can be confusing and full of tax jargon that can be hard to sift through, so here are several things you'll need to know in order to be ready to submit your tax return on time...

Important Self-Employed Tax Changes For 2019

The start of the new tax year is just around the corner and like with any new tax year there have been several changes that the self-employed will have to get to grips before the 2019/20 tax year begins on…

The Ultimate Guide To Capital Gains Tax

Capital Gains Tax (CGT) is tax that’s payable on any profit made after selling assets. It is declared and paid through your Self Assessment tax return. Assets that are subject to Capital Gains Tax if sold at a profit include:…

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…

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…

How to register with Companies House guide

One of the most important steps when setting up your business is to register your new company (or partnership) with Companies House. This can seem like a daunting prospect however it is a relatively simple process providing you have the…

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…