Almost 11 million people are required to submit a self-assessment tax return by January 31st each year. Most people are ahead of the game and have nothing to worry about, but a shocking 54 million people are still yet to submit theirs. The deadline for all online submissions is a couple of weeks away, and…

With the self-assessment tax return deadline approaching, cries of ‘how much?!’ can be heard up and down the country! It may be too late for you to change it this year, but there are things that you can do to avoid a huge unexpected bill in January next year. Why does it come as a…

There are millions of people throughout the UK who are self-employed, and there are many reasons why they choose to take that route. You can create your own work/life balance, you can follow your dreams, and you can have a flexible schedule while having nobody to answer to. As fantastic as these things are, there…

Keeping track of paperwork can be rather tedious, and not everyone’s cup of tea, but luckily, HMRC understands this and has created simplified expenses to make things more straight forward. What Is A Simplified Expense? A simplified expense is a flat rate set by HMRC, which you can offset against your self-employed income. It means…

With the new year approaching, you are probably thinking about your future plans, especially when it comes to you and your business. You may want more customers, more money, or to expand your business with more employees. All of these things are possible, but avoiding your finances may be the thing that is standing in…

Do you ever find yourself sitting in a meeting, enjoying a cup of coffee that you paid for out of your own pocket, and find yourself wondering if you could claim it back? As an employee, it’s quite simple, but as a business owner, it is far less clear cut. You may have to travel…

It’s not often that we hear the words ‘tax-free’, but you heard it right, electric vehicles will be exempt from company car tax in the 2020/2021 tax year. Will going electric benefit your business? If you are unsure, here is everything that you need to know. Let’s Look At The Benefits Regardless of the registration…

Tax returns are stressful enough, and the risk of being scammed makes it even more worrying. Don’t fall into the hands of criminals by falling for their scams; have a read through our blog and make sure that you know what to look out for. HMRC received almost 900,000 reports over the last year about…

There are many reasons why you may be thinking about changing your accountant, and this blog is here to tell you how simple it is to do so. Your current accountant may be unable to answer your questions, or they may not be able to cope with the workload you give them. Changing your accountant…

If you rent an office or workshop for your business, the tax return is relatively straightforward because it’s entirely for the company. However, if renting isn’t an option, you may find yourself working from home. With this comes additional expenses, and it wouldn’t be fair not to be able to include them in your tax-deductible…