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Self Employment Taxes

Marriage Allowance

Self Employed Tax Tip: Marriage Allowance

The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.
Self Employed Tax Tip: Claiming Working Tax Credits

Self Employed Tax Tip: Claiming Working Tax Credits

Working Tax Credits are available to eligible individuals who earn below a certain threshold, including those who are self employed.  In order to qualify...
Disallowable Expenses

Self Employed Tax Tip: 4 Disallowable Expenses

One of the most difficult conversations an accountant can have with a client is one where they have to break the news that the...
Tax Free Childcare for the Self Employed

Tax Free Childcare for the Self Employed

The Tax Free Childcare system is available to self employed parents, to help them with support for childcare costs.  If you are self employed...
lost p45

Lost P45? What to Do About It

Unfortunately you cannot get a copy of a lost P45.  A P45 is an official tax form that summaries information about your pay and...
Tax rules have always changed, but never have they changed so much than they have for landlords recently.  Here are 3 top tax tips for landlords to help reduce your tax bill that you may be able to utilise as well as claiming for all allowable expenses:

Tax Tip for the Self Employed: 3 Top Tips for Landlords

Tax rules have always changed, but never have they changed so much than they have for landlords recently.  Here are 3 top tax tips...
Self Employed Tax Tip: Claiming Home Office Expenses

Tax Tip for the Self Employed: Claiming Home Office Expenses

If you are self employed and work from home, then there are two methods you can choose from to claim for the cost of...

Tax Tip for the Self Employed: Budgeting for Your Tax Bill

When you're self employed everything you are paid will be untaxed and it is your responsibility to work out how much tax you have...
HMRC Overlap Relief

HMRC Overlap Relief

Overlap profits occur mainly when someone who is newly self employed chooses an accounting period that is not the same as the tax year....
HMRC Overlap Profits

HMRC Overlap Profits

When you are self employed you pay tax on your business profits according to the tax year (6th April to 5th April) you make...

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