Common Questions
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'Tis the Season to be Jolly, but Don't Forget the Taxman!
Here are some useful things to know for UK freelancers and small businesses over the festive period:
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VAT Penalties & Interest: The New Regime (Updated September 2024)
The VAT default surcharge is being replaced with a new VAT penalty and interest regime.
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What to Provide Your Accountant to Calculate Your Use of Home Allowance
Working from home has become the norm for many, and with that comes the opportunity to claim tax relief on certain expenses.
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Claiming Workwear on Your Taxes: What's Allowed and What's Not
Navigating tax deductions for workwear can be tricky. While certain items are necessary for your job, not all qualify for tax relief.
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Making the Most of Your Limited Company: Perks and Tax Efficiency for Solopreneurs and Small Businesses
Running a limited company, whether as a freelancer, solopreneur, or with a small family team, offers flexibility and tax advantages. Here's how you can optimise your finances:
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Get Tax Back on Job Expenses: Your Handy Guide
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses.
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Family Business? Taking Money Out: A Simplified Guide
Running a family business is a team effort, you're the heart and soul of the operation. But when it comes to paying yourself, things can get confusing faster than a toddler with a box of crayons.
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Launching Your Business Without Breaking the Bank: Claiming Pre-Trading Expenses
Starting a business is exciting, but it can also come with a mountain of pre-launch expenses.
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Confusing VAT Rules for Builders and Subcontractors: Simplified!
This is a special VAT rule where the customer pays the VAT instead of the business.
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Good News for Self-Employed Training Costs!
Just starting your own business? Great decision! As a new freelancer or sole trader, you might be wondering if you can claim tax relief for training courses.