Sole Trader
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Using the cash basis – is it for you?
The cash basis takes account only of money in and money out – income is recognised when received
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Letting a property as a furnished holiday let – is it worthwhile?
Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis.
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What can be done with business losses?
Where incorporation is being considered, it is usually permissible to carry forward any unused losses
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Is tax payable on tips?
Broadly, their treatment will depend on how they are paid to the recipient.
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Earn money from a hobby or casual work?
This allowance may be particularly useful to those who sell items online, tutor pupils, babysit or are self-employed in another form.
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Using the £1,000 property allowance doesn’t always mean you pay the least tax
The property allowance of £1,000 was introduced from 6 April 2017.
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Tax relief for pre-trading expenses
There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be substantial.
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Does CIS apply to me?
Unsure whether to register for the Construction Industry Scheme? Here’s what you need to know.
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Limited time penalty waivers for 2020/21 tax returns
In this article learn more about the penalty waivers being applied by HMRC in cases where the 2021/22 tax return is filed late or tax due on 31st January 2022 is paid late to help those affected by the surge in Covid-19 cases.
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Reporting Covid-19 Support Payments on your tax return
If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return.
