Here’s a look at the inheritance tax threshold, current rates and rules in the UK. And tips to help keep your inheritance tax bill as low as possible.
We believe that MileIQ is the best way to track your mileage for taxes but here are some MileIQ alternatives and the downside.
The HMRC Construction Industry Scheme (CIS) deducts tax at source from payments made by contractors to subcontractors. Here's a comprehensive guide.
We cover the steps needed when setting up a food business from home in the UK, the importance of food safety, getting the right equipment, HMRC requirements
In this post, we’ll explain what PCI DSS is, who should be compliant and what you need to do to make sure your small business meets the requirements.
Here’s our guide to IHT, including when you pay Inheritance Tax in 2019 and how you can avoid it.
Here’s a rundown of the company car tax rules in place in the UK in the 2019-20 tax year and a look at the best, most tax-efficient company cars.
Company car tax rates and rules change every year. Read on to find out what this year’s changes are and who needs to pay what.
Don't let your small business run afoul. Learn how to organise your account and understand how payments on account work by reading this article.
Whether you’re self-employed or work for someone else, you have to pay National Insurance contributions. Here’s how NICs work for self-employed people.
In this article, we’ll explain how the Child Tax Credit works, how much you can claim. Plus information about Universal Credit that eventually replaces CTC.
Completing a self-assessment tax return and sending it to HMRC is a very pressing need indeed. Here are important tax dates you need to know.
2019 is the year when HMRC is due to roll out its new rules for your tax return 2019, dubbed Making Tax Digital. Here's what you should know.
Here’s why you need a business bank account, how to open one and a rundown of the best business bank accounts in the UK.
Guide to the best shopping cart software that tracks and manage product inventory, fulfil orders, maintain a product database, track sales, and more.
What are the implications of a directors' loan on your finances and is it taxable? Read for answers to what is a directors' loan and much more.
UK small businesses lose £5.26 billion each year to phishing scams. Learn how to spot phishing attacks and some tips and tricks to help you prevent them.
How you keep track of clients? We show how to manage your client list using invoicing tools, customer relationship management CRM apps and online calendars.
Do away with manual log books. Here are the best mileage tracker apps for business so you can accurately log your business mileage.
List of top trending small business ideas for 2019 in the UK, making it an ideal time for work-from-home and online business opportunities.
HMRC allows you to deduct business mileage and some other costs from your taxes. Find out the business mileage rates for 2019 in the UK.
A rundown of the income tax rates for 2019-20, which go into effect 6 April 2019. We’ll also explain how the changes will affect your tax bill.
A social enterprise is an organisation that uses business strategies to fulfil social objectives. The primary objective is to have a positive social impact.
The success of a big event may hinge on your ability to create a solid press release. Learn how to write an effective, professional business press release.
Are you a self-employed contractor working through an intermediary? Learn what an IR35 is, its rules and ways to avoid the extra taxes and HMRC penalties
Most businesses have fixed assets, e.g. valuable items that have long-term business benefits. Learn what defines fixed assets and their tax implications.
How do you start a consulting business in the UK? Effective strategies for business consultants and things to consider before becoming a consultant.
Think about public liability insurance If you run your own business. It protects your business from accidental-injury and property-damage claims.
You can deduct the cost of expense equipment for your UK business, but you'll need to claim capital allowances. Find out when and how you can claim them.
Assessing the value of a small business is a complicated process. Here’s our guide to evaluating the true cost of a small business.
Small business conferences have become big business (ahem) so we have rounded up some advice for you and put together a handy guide.
Online retail giant Amazon recently launched Amazon Storefronts, a new section highlighting the products and services of small and medium-sized businesses.
Thinking of outsourcing some of your small business tasks? Here’s what’s in it for you and a rundown of the tasks you should consider outsourcing.
In a direct challenge to the big banks, Amazon Lending financial services is expanding, which offers small-business loans and a small-business credit card.
Just like business financial planning, knowing how to delegate tasks to employees effectively is all about strategizing.
Creating the ideal workspace sounds exciting, but there are some basic rules one must follow to create the ideal workspace on a small budget.
Read on to learn what content marketing is, why your small business should be doing it and how to create a successful strategy that’ll get results.
Discover the most profitable small business industries worth considering in 2018 and learn how to make your business as profitable as it can be.
Even the self-employed in the UK need pensions. Here’s our guide to putting together a self-employed pension plan.
If you’re self-employed in the UK, you’re entitled to paid maternity leave of up to 39 weeks. Read on to learn details of self-employed maternity leave pay.
How easy is landing a mortgage, especially if you’ve been self-employed for under two years? Learn how by taking a different path than normal.
Starting an event planning business requires as much consideration as planning a complex event. Learn how to start an event planning business of your own.
The best way to get started is to pick business ideas that require minimal money and resources. We identify the best business ideas for young entrepreneurs.
It’s easy to quit your job and say you’re self-employed, but being your own boss has its difficulties. Here are 10 reasons self-employment can be glorious.
Self-employed? No backroom staff? Don't worry. With the array of software and apps available, you can stay organised, and remain focused on your clients.
If you don’t have a regular flow of money coming in each month, then forming a budget is crucial. Here's how to plan if you have variable or uneven income.
This free mileage log template is a spreadsheet that lets you track your business journeys for UK tax purposes. Download it today to easily log your miles.
If you're in business or have a company car, you need a mileage log. With a handheld mileage log app from MileIQ, wow you can stop bodging and guessing.
Knowing your worker status can have a grave impact on your taxes. Here's how to determine if you're status is self-employed or a sole trader.
As a sole trader, you’re entitled to tax write-offs and buying materials at wholesale prices. Here are a few tips on what you can claim back against tax.
Here are some freelance jobs that require travel as a part of the job description, offer more variety, but requires you to budget well between gigs.
If you’re fed up of the nine-to-five and looking to take back some control of your life, and maybe see the world, here are the best travel jobs.
You can travel the world and earn money with this list of freelance jobs. These 10 jobs are suited for a variety of vocations and interests.
These freelancer tips and tricks will help you book better clients and grow your business. Follow these golden rules if you want to succeed.
When you're self-employed, you must register with the government as a sole trader. Here's how to do it easily and correctly.
Going self-employed is an exciting idea but you shouldn't just dive in. Here are six things you should do before going self-employed.
Building a successful business as a self-employed person requires a multitude of skills. The good news is, there are plenty of online tools that can help.
Self-employed success can be tough to achieve. Here are some proven tips and strategies you can use for your own business.
Here’s a rundown of HMRC’s rules on gifts received in the UK, when they’re tax-free and when you’re liable to pay inheritance tax on them.
Here’s a look at how the Class 2 National Insurance tax cut would’ve worked, why it was scrapped and how it could possibly be reshaped in the future.
Find out which disability and sickness benefits you could be eligible for in the UK, how much you could get and whether they’re non-taxable.
HMRC's tax changes for 2018/19 mean having a company car has become more expensive. Here are the company car tax rates have changed from 2017/18 to 2018/19.
According to the AA, a car's value can depreciate by up to 40% in its first year. But is this vehicle depreciation a complete loss or is it tax deductible?
Selling a business vehicle has tax implications. Here's how to determine if capital allowances apply when you sell it and its the tax position.
The self-employed are required to make estimated tax payments. Here's how payments on account works, when they are due, how to request a refund from HMRC.
Here's a look at some of the chief tax issues you need to be aware of if you're self-employed and thinking of trading in or selling a business vehicle.
Doing your taxes can be a pain and is especially true when you're self-employed. Here's what to do when you need help with your taxes.
Filing small business taxes for the first time requires some time and planning. Here are tips for getting it right the first time and avoiding fines.
With tax filing season done, many of you may be awaiting your tax refund. Here are some steps to help you avoid tax refund scams.
Are tolls tax deductible? What about hotel fees, parking fees and other travel expenses? Learn HMRC rules on travel expense deductions and lowering tax bill
Sometimes, the HMRC makes a tax decision you disagree with. If you think something is wrong, here’s how to appeal a tax decision you disagree with.
If your business has fallen on hard times or a net operating loss in revenue, learn the procedure for claiming lost money on your taxes in the UK.
Business trips and a personal stop detours for the self-employed who deduct business miles on their taxes. What are the rules?
