Top 10 expense claims every self employed person should claim There are so many types of expenses you can claim as a self-employed business. But here are 10 most common ones, everybody should start claiming. 1. Mileage You can only… May 15, 2018 General Help and tips Sole Trader Expenses
4 Reasons Why You Should Start Storing Receipts Digitally One of the most common topics we come across in forums and online communities is the rules about how to store receipts. Do you need to keep your physical receipts… February 15, 2018 General Help and tips Making Tax Digital Self-Assessment
What to do if you didn’t complete your Self-Assessment on time? What to do if you didn’t complete your Self-Assessment on time? 1. Do it ASAP For whatever reason this year, you didn’t finish the Self Assessment form in time, and… January 31, 2018 General Self-Assessment
Last minute tax return tips Over 750,000 people in the UK submit their Self Assessments on January 31st - and almost 33,000 submit it in the last hour! Too many self-employed people don’t realise that… January 29, 2018 General Help and tips Infographics Self-Assessment Sole Trader Expenses
Get great tax tips with 1tap Live Questions about self employment? We spent January and February traveling around the country, speaking with accountants and sole traders about self employment, taxes, auditing and more. The result is 1tap… January 23, 2018 General Help and tips Making Tax Digital Self-Assessment
How Expenses Work (% claimed back) If you are self employed, making sure you claim all the allowable expense you are entitled to is absolutely key to keeping down your tax bill. However, the majority of… January 03, 2018 General Help and tips Making Tax Digital Self-Assessment
What is a capital expense and how is it different from OPEX? One confusing area around claiming expenses for you business is the difference between a capital expense and an operating expense. It is important to understand the difference between them because… November 30, 2017 General Help and tips Self-Assessment Sole Trader Expenses
When should I register as a business? Many sole traders start their business as either a hobby or a sideline to their ‘day job’. For those who make the jump to becoming self-employed, there comes a critical… October 01, 2017 General Help and tips Self-Assessment
Making Tax Digital - The Taxman cometh… 4 times a year! What is Making Tax Digital? The Government is about to introduce huge changes to the UK tax system that will fundamentally affect the way you record and submit your tax… October 20, 2016 Help and tips Making Tax Digital
Making Tax Digital - 4 reasons why it’s good for you and your business The government is about to introduce huge changes to the UK tax system that will fundamentally affect the way you record and submit your tax information to HMRC. Essentially, the… October 20, 2016 Making Tax Digital