GoSimpleTax Blog

Self-employment

45 allowable expenses you can claim when you’re a sole trader

Business expenses are inevitable when you’re a sole trader. Thankfully, many can be deducted as allowable expenses from...

Self-employment

What vehicle, travel, hotel and meal expenses can you claim when you’re self-employed?

While some self-employed people (AKA sole traders) work exclusively from home or premises and seldom travel for business,...

The tax implications of becoming an accidental landlord

There are some 2.66m private landlords in the UK and many people choose to invest in property to...

Self Assessment

What information do you need when you register for Self Assessment?

More than 660,000 people in the UK start their own business each year. Most choose to become self-employed...

What allowable expenses can you claim when you’re self employed and work from home?

The coronavirus pandemic has meant many more of us have experienced working from home in recent years, but...

How to work out your income when claiming the fifth SEISS grant

Self-Employment Income Support Scheme (SEISS) grants have provided a lifeline for millions of self-employed people who had to...

How long must you keep financial records for when you’re self employed?

Self-employment remains a very popular choice. In 1975, about 8% of UK workers were “solo self-employed” (ie sole...

Self Assessment

What if you miss the Self Assessment tax return filing deadline?

Running your own small business can be very demanding and at times it can seem like there just...

How much tax will you pay if you take a second job?

Out of a total UK workforce of more than 30m, about 1.18m of us have a second job,...

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