A clever way to keep track of your freelancing cash effortlessly… and for free!
A couple of weeks ago we updated SimpleTax with the 2014-15 tax year, empowering freelancers to track their income and expenses while the tax year is underway. From conversations with our users, we’ve been collecting tips…
5 Minute Read
A couple of weeks ago we updated SimpleTax with the 2014-15 tax year, empowering freelancers to track their income and expenses while the tax year is underway. From conversations with our users, we’ve been collecting tips that really surprise us and that we’d like to share with you.
Ditch your Excel spreadsheet, by Rachel
Using SimpleTax to manage client payments and project-related expenses wasn’t something we were expecting to discover but that’s exactly how Rachel is using the 2014-15 tax year update.
In the true spirit of “keep it simple” for invoicing she uses a Word template. To keep track of payments received and project related expenses though, Rachel uses an Excel spreadsheet downloaded off the internet a few years ago. While we can’t replace the Word template for invoicing, Rachel found a really clever way to keep track of payments and expenses by simply using tags on item descriptions, like #ProjectX below, replacing the spreadsheet and reducing the work involved in managing the business.
Rachel pointed out two major benefits to this process:
- gone is the spreadsheet as her expenses and income can even be managed from her iPad, and
- when the time comes, filing a tax return is one single click away, as work that she did with the spreadsheet is now done directly on SimpleTax. Less work, woohoo!
Really clever! In case you’re wondering, you can do this for free as signing up for SimpleTax costs nothing.
Know what expenses will help you lower your tax bill and keep all your records online, safe & sound. Ready to file with one click! Free means free. No hidden costs.
Trusted by over 10,000 subscribers
You don't need to be an expert to complete your self assessment tax return.
Managing your finances has never been so easy.
Start you self assessment tax return today for free.Get Started
45 allowable expenses you can claim when you’re a sole trader
13 Sep 2021
What vehicle, travel, hotel and meal expenses can you claim when you’re self-employed?
06 Sep 2021
The tax implications of becoming an accidental landlord
01 Sep 2021
How GoSimpleTax Works
Simply register for free with your full name and email address.
Select Your Income
Select the income you receive and follow the hints and tips for potential tax savings.
Validate Your Information
Validate your personal information and submit directly to HMRC to get confirmation in just seconds.
Work Anywhere, With Any Device
Gone are the days of fretting over a calculator surrounded by scraps of paper at the eleventh hour.
GoSimpleTax’s tax return software uses the information you upload in real time to calculate your income and expenditure, working out the tax you owe and sending you helpful notifications when there’s the possibility of a mistake.
"The software is intuitive and proved very easy to navigate. I found the whole process refreshingly simple. I saved a lot of money too!"
"Easy to use and value for money. Everything you need to do your tax."
"It fills in all the forms and sends them to the Inland Revenue. Not expensive either. Takes the stress out of doing your tax return online."