What is a payment on account? (sole trader)
October 23, 2022
How much money should I set aside for tax? (sole trader)
October 23, 2022
Is my crowdfunding campaign income taxable?
March 10, 2020
So, you have an idea for a business or project but need to raise some money so you can get started.
Loans, credit cards and dipping into savings are the more traditional methods of raising funds for your business.
However, if you have an idea that already has an audience of...
What clothing can I claim for through my business?
August 20, 2019
We all need to dress for work.
It doesn’t matter whether you dress up for a networking event or dress down to work from the sofa; the chances are you have purchased some clothes since starting your business that you only wear whilst working.
But what you consider to be y...
How much money should I set aside to pay my personal tax bill?
October 17, 2018
Once you’ve been working freelance for a while and have started to make a bit of money, you might want to start to think about how much you need to set aside to pay in tax.
This is a great mindset to be in if you already are! I’ll help you understand the next steps. If ...
What is a payment on account?
December 21, 2017
It’s January and your accountant sits you down and tells you your tax liability and it’s high. Way higher than you expected. Panic begins to set in. This can’t be right you say to yourself. They must have calculated it wrong.Welcome to the world of your first payment o...
When will I have to start paying tax on my self-employment profits?
December 19, 2017
True or False: You won’t have to pay any tax until your income exceeds the personal allowance?
This isn’t a trick question by the way.
It is true.
However, I wanted to start with this question because it is often believed that unless you exceed the personal allowance you...
How do I claim for my motor expenses?
November 29, 2017
If you are self-employed and own a car, the chances are there will be some motor expenses which we can bring into your accounts to reduce your tax bill.
Claiming your motor expenses can be a little trickier than most of your other business expenses, as it is highly likely t...
What food and drink can I claim for through my business?
November 24, 2017
So, can you claim for that cup of coffee at a networking meeting or not?
When you’re an employee, your day can be quite structured, and you may have found that your food and drink expenses would have been restricted to what you decide to have for lunch.
As a business owner...
Self-employed: What expenses can I put through my tax return?
November 22, 2017
I don't normally do videos, but if you're in a rush, here is a 2 minute video that powers through some of the things you can claim. Below it is my blog which goes into a little more detail....
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