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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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Making the Most of Your £1,000 Property Allowance: A Landlord's Guide
The UK government offers a £1,000 property allowance, meaning you don't need to pay tax on that income or even declare it to HMRC
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Autumn Budget 2024
Here's a quick overview of the Autumn 2024 Budget.
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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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Freelancers & Small Biz Owners: Taming the Tax Beast with Proper Records
HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns.
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Crypto Taxes in 2024: Your Ultimate Guide to Navigating the Digital Ledger
Crypto's come a long way since its niche beginnings.
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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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Good News for Landlords and Businesses: Replacing Your Boiler Can Now Count as a Tax Deductible Repair!
In the past, HMRC (taxman) wasn't sure if replacing your old boiler counted as a tax deductible expense. But guess what? They've changed their minds!
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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.
