Category: Tax

For many small business owners, VAT is something that can go relatively unnoticed. You will of course pay it on many transactions that you make, but from a business perspective it can be something of an afterthought until your turnover

When you’re self-employed, it’s important to understand how much you can earn before paying tax and the various allowances and reliefs that are available to help lower your tax bill. The answer of how much you can earn before you

Whether it’s selling on Vinted, freelancing after work, walking dogs at weekends or making money through TikTok, side hustles have become a normal part of life for millions across the UK. Turning a hobby that you’re good at into a

Value Added Tax (VAT) is one of the most common business taxes in the UK, but it is also one of the most misunderstood. Many small business owners find it confusing in terms of how it works, when VAT registration

No small business owners enjoy receiving a tax bill but it softens the blow when you know beforehand how much it’s going to be and have already set funds aside to pay it. On the flipside, if you had no

Keeping on top of your tax and reporting obligations are crucial responsibilities for the self-employed and small business owners, and a key part of that is knowing all your tax deadlines, understanding what’s required and preparing accordingly. Staying organised with

If you run your own small business, you’ll of course want to pay as little tax as possible. When you’re self-employed you have responsibility for your own tax affairs and therefore compliance. Unlike people on PAYE, you have a degree

If you’ve ever felt the sting of an unexpected bill, whether that’s a tax bill from HMRC or an increase in a regular bill that you were not accounting for, you’re certainly not alone. For years, many self-employed professionals, contractors,