Evidence required to support business expense claims
Self-employed individuals can deduct allowable business expenses from their income when calculating
Making the most of the £1,000 property allowance
The £1,000 property allowance is a helpful for individuals with small amounts of property income.
Is your business eligible to use cash basis accounting?
Cash basis accounting is a simplified method used by sole traders and other unincorporated
Tax relief if replacing tools or equipment
If you pay for replacing or repairing small tools you need for your job, you may be able to claim
Averaging profits if income fluctuates
Some self-employed individuals experience significant fluctuations in their profits from one year to
Claiming the correct tax relief for work mileage
Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments
Tax-free childcare, are you missing out?
With childcare costs continuing to rise, many working families could be missing out on valuable
Do you need to pay tax on money received from family?
Receiving money from a family member can be a welcome source of financial support, but many people
Has a pay rise quietly increased your tax bill?
Many employees and business owners have welcomed higher earnings over the past few years. However,
When does a hobby become a taxable business?
Not every hobby becomes a taxable business, but it is important to be aware when this can happen.