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What you need to know about claiming mileage on your taxes.
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.
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.
Poor email etiquette can annoy your colleagues. Or it could sabotage your whole career. Email etiquette is a vital and overlooked skill. Here are our tips.
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.
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.
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.
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.
Guide to the best shopping cart software that tracks and manage product inventory, fulfil orders, maintain a product database, track sales, and more.
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.
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.
Knowing if you’re self-employed or not can have a big impact on your HMRC tax bill. Here is why your employment status affects your taxes.
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.
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.
The new DVLA car tax rules recently went into effect. Here's what you need to know about this road tax rule from the HMRC.
MileIQ for the UK is now available. Learn why the easy, automatic mileage tracking app is ideal for your taxes and reimbursements.
Doing your HMRC taxes is never fun, especially when you're self-employed. These tips will help you speed through the process.
The Ultimate Guide to Mileage Tracking offers tips for how and why you should track your business drives for taxes. Get this free guide today.
Find out when to complete HMRC form P87 and how to go about it, so you can get tax back on business expenses your employer doesn’t fully reimburse you for.
Yes, tax time isn't fun. But with this ultimate playlist of tax-related songs, you can at least have a fun time paying the HMRC.
Your small business budget can be the difference between success and failure. Here are some easy-to-follow budgeting tips for the self-employed.
You can boost small business productivity with these 12 easy-to-follow tips. Learn how these can improve & grow your business.
Ready to take your small business to the next level. Here are some small business growth strategies for companies of all sizes.
Learn how to calculate your profit, gross income, taxable income and how to use this for your HMRC tax returns. It's easier than you think.
Calculating profit margin doesn't have to be that tough. Here's how to calculate gross profit margin, net profit, as well as what the difference is.
To smooth the business process of developing crucial, smart communications content, we offer practical advice, time-tested processes and real-world examples
In a global business world, you need effective communication. Here are some useful business skills for a smart internal communications strategy.
It's not enough in business to set goals. You need SMART goals, which are measurable, achievable, relevant, and time-bound.
A business plan is critical if you aim to open your own business. Here's what you should know about writing a brilliant business plan.
Your business name is the first thing customers come across. Learn how to create a meaningful moniker and how to trademark it so no one steals it.
Here are tips and a guide on how to harness the power of the internet to find good employees online for your growing business.
What's it like to leave your day job and be your own boss? Learn whether being a self-starter is for you and how to start a consulting business.
Looking for ways to make record management easy? Here are some tips for keeping track of you business expense.
Here are the employee deadlines for PAYE, student loan and CIS returns. Meet the deadlines or you could face penalties from the HMRC.
Understand the difference between revenue and capital expenses, learn all about writing them off and find out how they can lower your business tax bill.
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.
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.
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.
Creating the ideal workspace sounds exciting, but there are some basic rules one must follow to create the ideal workspace on a small budget.
Discover the most profitable small business industries worth considering in 2018 and learn how to make your business as profitable as it can be.
These tips will help you increase your self-employed income. This advice is easy-to-follow and has been proven to work in multiple industries.
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.
Don't ever forget: your time is worth money, especially if you're self-employed. These 10 time-saving tips will help you reclaim your schedule.
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.
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.
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.
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.
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.
Even the self-employed in the UK need pensions. Here’s our guide to putting together a self-employed pension plan.
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.
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.
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.
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
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.
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.
Do you use your car for business trips? Understand HMRC’s rules on commuting and find out what part of your vehicle expenses are tax deductible.
One of the benefits of being self-employed is working from home. Here we explain the HRMC home office tax deduction rules along with example calculations.
Here's how business vehicle tax write offs work in the UK if you use at least a 'definite proportion' of it 'wholly and exclusively' for business purposes.
Explaination and examples how you deduct car lease payments from your tax return as a sole trader and as a limited liability company (LLC).
If your company is leasing a vehicle, you don't own it. Let's see how the HMRC treats a car lease when it comes to tax relief.
The business mileage rates for employees are key for calculating Mileage Allowance Payments and Mileage Allowance Relief.
Your car loan interest may be tax deductible depending on if you use the vehicle for business purposes. See what the HMRC says.
what happens if an employee carries another worker in a personal car for business journeys? Let's go over passenger payments on your tax bill.
A net operating loss needn't be the end of the world. But there are advantages, such as tax write-offs. Here's to how to turn a loss into something positive
Even with the NHS, you may want private health insurance. Here's what to know about claiming these costs with the HMRC to reduce your tax bill.
Learn how HMRC registers business partnerships, find out what each partner’s responsibilities are and understand how to pay partnership taxes in the UK.
Self-employed taxes are different when it comes to tax time. Here are 5 can't-miss tips for knowing what you owe to the 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.
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.
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.
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.
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.
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.
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.
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
Business trips and a personal stop detours for the self-employed who deduct business miles on their taxes. What are the rules?
It’s easy to cancel your vehicle tax. You can even get a rebate. Find out how to apply, the documentation you need and how much you can expect to get back.
In this post, you will find the UK income tax rates for 2018 and understand which income tax bracket you fall into and whether it has been amended.
If you’re self-employed and run a car, motoring expenses must be tax-deductible? Yes, but there a few rules set by HMRC. Let’s delve a little deeper.