More and more of us are turning our hobbies into a side income alongside our full-time employment, from making arts and crafts to turning those computer skills into extra cash. But when does a hobby income become taxable? In this article, we will be looking at what you need to know about business tax rules […]
January is probably one of the worst months of the year. The festive period is over, the credit card bills have landed, and January is also when your self-assessment tax return is due and your tax payable! January 31st is a date that is etched on the minds of the self-employed, and for some, it […]
Do Sole Traders Need to Register for VAT? VAT can be a confusing topic, not helped by the vast amount of misinformation out there! This is more prevalent for sole traders where a lot of the information out there is confusing or mixed up with limited companies etc. With this blog, we hope to put […]
Our Guide To Making Your SATR Simple Self Assessment Tax Return the very words send shivers down the spines of most self-employed people, but it does not have to be all stress and worry! If this is your first time or your 50th time, we have some handy tips to make completing your self-assessment tax […]
Essential questions to ask your UK accountant before you hire them Choosing the right accountant for you is important. Your accountant needs to be familiar with your business, your needs and your current size. We are startup and scale-up specialists, we are entrepreneurs who understand what it’s like to battle in a business and […]
Avoid These Common Self Employed Traps! Around 4 million of us in the UK are self-employed. That’s 4 million human beings who climb out of bed each morning and work harder than it sometimes seems possible to realise a goal. To achieve a dream. To live life on their terms, creating their own income, […]
Your guide to the Seed Enterprise Investment Scheme (SEIS) I think the SEIS scheme is one of the most interesting and generous schemes HMRC offer…and yes I know, generous and HMRC rarely appear in the same sentence but when I see it I call it! So let’s have a closer look at why I […]
All you need to know about VAT registration. VAT is one of those things that we all know about as consumers but never really understand properly until we run a business. Some people say we are unpaid tax collectors for HMRC… I wouldn’t like to comment 🙂 Regardless of that, rules are rules and […]