If you are a small business, or landlord listen up! Making Tax Digital for Income Tax comes into effect from April 2026 so it's really...

Good monthly processes and some up front preparation are the formula for successful accounts and tax Is your business year end coming up?...

If you became self employed in 2020 or 2021, it’s likely that you weren’t eligible for any government grant, probably realised a loss...

What is a valid VAT invoice or reciept? Don't get caught out with the wrong paperwork. HMRC will only accept claims for input VAT when...

Confused on when VAT can be reclaimed for charging an electric car for business purposes? You're not alone. HMRC have recently tried to...

5% extended to 30 September, 12.5% from October until 31 March 2022. Does your business benefit? To help the hospitality and leisure...

Tax allowances for income, capital gains tax, inheritance tax and more have been frozen until April 2026 to help meet some of the cost of...

Take advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where...

Beware if your income falls - HMRC could seek to recover the tax from you Where a Gift Aid declaration is made, the recipient charity can...

A super decision tree from FreeAgent The information contained within in this article is provided for informational purposes only and is...

You made it and filed your self-assessment return for 2019/20 by 31st January 2021. However, having felt pleased with yourself, you...

You may have to pay additional tax if you receive child benefit and have income over £50,000 You are entitled to child benefit if you...

Hint: almost definitely yes! When does that hobby turn into a business? That side-line become taxable? 'Trade' Trading profits are...

What is it? Who has to do it? How do I go about it? Her Majesty's Revenue and Customs (HMRC) collects income tax from individuals via...

Most small business will need to keep digital records in order to comply with MTD by April 2023

Overpaying tax happens more than you might think. Here are some of the ways it might have happened to you. Leaving a job part way...

Thinking about working for yourself? Looking to turn a hobby or passion into an income? Is the time right to turn that great idea into a...

What you need to know about VAT VAT or 'Value Added Tax' is a Sales Tax. That is, it's applied to goods and services at the point of...

What are the key differences between a Limited Company and a Sole Trader or Freelancer? If you are starting up a new business, this is...

Another great decision tree from FreeAgent The information contained within in this article is provided for informational purposes only...