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...
Limited Company or self-employed: what is the difference?
April 21, 2019
What is the difference between trading through a Limited Company or deciding to be self-employed?
Are they taxed the same?
Can you only be VAT registered if you have a Limited Company?
If you trade through a Limited Company, can you avoid the payment on account?
You may h...
Should I register for VAT?
February 27, 2019
There may come a time when you will start to wonder whether becoming VAT registered will benefit your business.
You could reach this point before you even begin trading but it might never cross your mind until your business ramps up a notch.
Either way, there are a couple o...
Do I need a business bank account?
November 15, 2018
When you first begin to trade, you may question whether you need to set up a business bank account or whether you can use your personal bank account.
As business bank accounts typically have charges attached to them, it can make sense to try to avoid these costs and using a...
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 ...
Do I need an accountant?
July 30, 2018
I’ve recently come across a number of freelancers asking if they need an accountant.
It’s a fair question, as when you are starting up, or if your business is in a famine stage (rather than the favourite feast stage), it’s common sense to question where you are spendin...
You have decided to start your own business and you are ready to go.
This first thing you may decide to do is join a networking group. Get a logo made. Google how to get your first customers. All the fun things.
But whilst marketing is understandably sexy and fun, there are ...
If I work from home, how can I claim for these costs?
February 18, 2018
If you rent an office or workshop, then the figure you can put through your tax return is fairly straightforward.
However, for a lot of small businesses, renting isn’t an option for either financial or practical reasons, so you may find yourself working from home.
As your...
What are simplified expenses?
January 18, 2018
Keeping paperwork isn’t everyone’s strong point. And that’s okay.
HMRC have realised this, and in an unusual attempt to help you claim some of the more complex expenses, they have created simplified expenses....
Sole Trade V’s Limited Company – Which one should you choose?
January 16, 2018
One of the first decisions that you need to make when you decide to start your own business, is whether to be self employed or trade through a Limited Company.
Your initial response may be to ask around; see what friends or family do. Maybe even ask on a social media forum.
...
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