GoSimpleTax Blog

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Sole Traders
Simplified tax reporting – good news for sole traders?
HMRC plans to introduce simpler tax reporting rules by 2024 that it believes will save sole traders time...
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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...
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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,...
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Landlord
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...
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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...
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Sole Traders
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...
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Sole Traders
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...
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Finances
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...
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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...
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