03 Apr 2020 | Coronavirus, Self-employed, Small businesses
Amid pressures from the self-employed community to match the Job Retention Scheme support announced for employees, the UK government have announced that self-employed workers impacted by coronavirus will be eligible for UK Government grants worth up to 80% of their...13 Mar 2020 | Budget, Coronavirus, HMRC, Payroll, Self-employed, Small businesses
Coronavirus is spreading rapidly, and the UK Government have announced how they will be supporting the UK economy, businesses and individuals during the outbreak. Rishi Sunak announced a new package of new measures to help businesses and individuals during the...11 Feb 2020 | Personal Tax, Self-employed, Tax
Did you know that you are allowed to claim tax relief on your annual professional fees or subscriptions to some HMRC approved professional organisations? The costs are tax-deductible generally where you must have a membership to do your job or it is helpful for your...24 Jun 2019 | Self-employed
Do you have a July payment on account to make soon? With the deadline fast approaching consider how you may be able to reduce it. What are payments on account? Payments on account are advance payments towards your tax bill, including Class 4 National Insurance if...29 Mar 2019 | Business Owners, Self-employed, Small businesses, Tax
How long do sole traders have to keep records for? If you are self-employed and obliged to submit a Self Assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year. For example, if...09 Jan 2019 | Pensions, Personal protection, Self-employed
There are many benefits to becoming a self-employed freelancer or running your own business: the flexible hours, the option to work from home, no fixed holiday allowance, and, of course, being your own boss. But it’s vital to remember that there is no sick pay,...