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6 min read
Landlords: Income Tax When You Rent Out A Property
As a landlord, you’re liable for income tax when you rent out a property. Calculating what you owe is often far from straightforward, so...
3 min read
Do I Need A Bookkeeper Or An Accountant?
Bookkeeper or accountant? They both work in the finance profession and provide vital functions for businesses but do they do the same...
3 min read
When Is My Self-assessment Tax Return Due?
Knowing when your self-assessment tax return and tax payment is due is essential – and a common cause of confusion. Here is all the info...
3 min read
What’s The £1,000 Tax-free Trading Allowance?
The £1,000 tax-free trading allowance was introduced in 2017 for self-employed, casual workers and those with a hobby business. It...
3 min read
Mobile Phone Expenses For Sole Traders and Limited Companies
We discuss mobile phone expenses – what can be claimed, what is exempt and what to report for sole traders and limited companies in the...
4 min read
What Are Allowable Business Expenses For Sole Traders?
Reducing your income tax by deducting expenses is a key part of your tax return, but what are allowable business expenses for sole...
3 min read
How And When To Set Up As A Sole Trader
We discuss how to get set up as a sole trader in the UK including key steps, responsibilities and deadlines that need to be followed....
5 min read
Self-assessment Tax Return – Who Needs To Submit One?
A self-assessment tax return is the system used by HMRC to collect income tax that’s not taxed at source – but do you need to complete...
4 min read
Personal UK Tax Rates And Personal Allowances For 21/22 And 20/21 Tax year
What Are The Current UK Tax Rates And Personal Allowances? Learn more about personal UK tax rates and personal allowances including...
3 min read
Voluntary VAT Registration – The Pros And Cons
Learn more about voluntary VAT registration and how it could be beneficial to your business and its finances. Voluntary VAT registration...
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