Find out what expenses you can claim in your self-assessment. Get the latest tips on claimable allowances for anyone who needs to submit a tax return – whether you are a landlord, self-employed or sole trader.
12 May 2022
Renting out property involves having to pay for a wide range of associated costs and expenses. Some are relatively minor, while others are rather more expensive. These outgoings can certainly mount up over a year and…
01 Apr 2022
There’s been a significant rise in self employed couriers and delivery drivers in recent years. It’s a thriving part of the UK gig economy that continues to attract armies of self employed couriers and delivery drivers,…
24 Mar 2022
In the past five years, the number of UK “gig workers” has tripled to more than 4.5m and almost a quarter find “platform work” via websites and apps such as Uber, Handy, Deliveroo and Gorillas. This…
07 Mar 2022
Buying equipment, machinery or a lorry, van or car is a big deal for most small businesses, especially sole traders (AKA the self employed). Such items are called “plant and machinery” for tax purposes and they…
18 Jan 2022
The National Association of Sessional GPs estimates that there are more than 17,000 GP locums working in the UK, temporarily taking the place of practice-based GPs. Some GPs prefer the greater flexibility that comes from being…
12 Jan 2022
According to some sources, there are almost 14,000 registered personal trainers in the UK. More than a third of them are women and about a fifth of registered personal trainers are gym employees. Overwhelmingly, personal trainers…
01 Oct 2021
Although your days can be busy enough when you’re a sole trader, with many things competing for your attention, there are two very good reasons to keep track of your business expenses. Firstly, it can help…
13 Sep 2021
Business expenses are inevitable when you’re a sole trader. Thankfully, many can be deducted as allowable expenses from your taxable profits to lessen your Income Tax bill. To qualify as an allowable expense, something must be…
06 Sep 2021
While some self-employed people (AKA sole traders) work exclusively from home or premises and seldom travel for business, others rack up many miles on the road each year visiting customers and suppliers, often using their own…
11 Aug 2021
There are 2.9m home-based businesses in the UK and they contribute £300bn to the economy. Reportedly, about 70% of all new UK businesses are started from the owner’s home and while some move to premises post-launch,…
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