With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.
Category Archives: Blogs
Making Tax Digital – Your questions, answered
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
Warning to all taxpayers – Pay your taxes on time amidst rising interest rates
As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before it is too late. Continue reading
Here’s how you can boost your SME’s efficiency and beat rising costs in 2024
If you’re concerned about how rising costs will impact your SME, you’re not alone.
Allowable business expenses – simple ways to save money
As a business owner, you are probably aware of some of the expenses that you could claim back on in your yearly Self-Assessment tax return.
Tightening the reins on ‘side hustles’ – Navigating HMRC’s new powers
HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key area of tax evasion – online traders. Continue reading
How to keep your clients happy and grow your business
With the new year right around the corner, you’re bound to have big plans for your business.
Implications for businesses amid soaring pension tax relief
Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time.
Understanding Capital Gains Tax on property investments
Investing in property can be a lucrative venture, but it’s essential to understand the implications of Capital Gains Tax (CGT) on these investments to protect your investments from unexpected costs.
Becoming a freelancer – setting up a limited company
When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.