Common Questions
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What is payment on account?
Payment on account is a system used by Her Majesty's Revenue and Customs (HMRC) to collect tax from self-employed people and small businesses.
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Are childcare costs deductable for the self-employed and small business owners?
HMRC figures that if you're self-employed or a small business owner, you're rich enough to pay for your own childcare. Of course, this isn't entirely fair.
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Autumn Statement Update for Self-Employed and Small Business Owners
Freelancers and small business owners, here are the key takeaways from today's Autumn Statement:
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Can freelancers and the self-employed claim expenses for working from home?
In short, yes, but...
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What are the new corporation tax rates for small businesses?
New corporation tax rates for small businesses in the UK, starting April 1, 2023
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Useful dates for the diary for freelancers & small business owners in the UK
As a freelancer or small business owner in the UK, there are a number of important dates that you need to be aware of throughout the year.
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How to set up payment plans for personal income tax, corporation tax, and value added tax (VAT)
If you are struggling to pay your tax bills, you may be able to set up a payment plan with HM Revenue and Customs (HMRC).
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The Chancellor's Big Day: Here's Everything Small Businesses and Freelancers Need to Know About the Next Announcement
The Chancellor's speech is just around the bend, Small businesses and freelancers, attend.
Listen close to his words, And don't get caught off guard, Or your budgets may need to mend. -
Is It Fair That Small Businesses Have to Pay Both VAT and Corporation Tax?
Small businesses are the backbone of the UK economy, but they also face a number of challenges, including the high cost of taxation.
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The Ins and Outs of Corporation Tax
Corporation tax is a tax that is paid by businesses on their profits.
