FreeAgent’s Chief Accountant Emily Coltman gives you the ingredients for a successful invoice and then lists HMRC’s requirements if your business is VAT-registered.
Are you one of the many self-employed people in the UK that carries out work from their own home?
If the answer’s yes, then there’s good news for you: you’re entitled to include part of the running costs of your home in your accounts, which will save you some tax. Hurray! Now – how do you work out how much you can claim?
Entertaining people can be a very enjoyable part of being in business – as sharing time, food and drink away from the office can help to build and cement working relationships. But when can you claim tax relief on the cost of entertaining someone, and what about VAT?
Are you self-employed and have to regularly travel for your business? And does this travelling ever involve an overnight stay away from your home?
If the answer is yes, then there’s good news – you may be able to claim some of these costs back. Here’s a few tips for working out which travel and accommodation costs you can include in your business’s accounts.
FreeAgent’s Chief Accountant Emily Coltman guides you through HMRC’s rules for claiming tax relief on clothing and what counts as taxable benefit.
The Pensions Regulator is the UK regulator of work-based pension schemes, working with trustees, employers, pension specialists and business advisers, giving guidance on what is expected of them.
Security was the theme of the July Budget. Growth and fairness were the themes of the March Budget. Find out more about the individual measures in our 5-page PDF guide.
This year’s budget announced two measures which will increase the tax bill for limited companies with only one director, who is also the only shareholder of that company, and does not employ anyone else. Emily Coltman FCA, FreeAgent’s Chief Accountant, takes a look at the Summer Budget in more detail. Here are some of the… Read more »
George Osborne announced that he would be replacing the dividend tax credit with a tax-free dividend allowance of £5,000 for all taxpayers, coming into effect from 2016.
The Chancellor announced a compulsory National Living Wage of £9 an hour by 2020. But can Britain’s businesses afford a pay rise of that level? Money Box looks at how various tax changes will affect freelancers and contractors, as the Government seeks to end what it calls “tax motivated incorporation”.
We are approaching a deadline for all employers to enter Auto Enrolment. Small limited companies and their directors need to consider if this applies. This post details how to know your position in this matter: When is a director a worker? A director who is working under a contract of employment AND there is at… Read more »