Self-employed accountants

what expenses can i claim as a freelancer

What expenses can I claim as a freelancer? A simple guide

As a sole trader or worker, one of the worst things about your job is having to pay taxes on the money you’ve just made. It’s a little easier to handle because HMRC lets you claim many different costs (hence the name “allowable expenses”), which often greatly lowers your tax bill. Here is a simple […]

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Contribute to a Personal Pension Scheme

How to Contribute to a Personal Pension Scheme as a Self-Employed Worker

When you work for yourself, it could be difficult to comprehend how to benefit from pension plans. Those who are self-employed do not have access to pension plans, in contrast to those who are employed by a firm and have access to pension plans through their employment. Self-employed individuals have the opportunity to save for

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how to pay National Insurance for the self-employed

How to Pay National Insurance for the Self-Employed?

A big part of the UK’s aid system is National Insurance. The Basic State Pension, the Maternity Allowance, and the Bereavement Support Payments are just some of the benefits and perks that you can get because you pay National Insurance. If you work a regular 9-to-5 job and get paid a salary, your boss figures

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failure to notify hmrc of self employment

Failure To Notify HMRC Of Self Employment And Its Penalties

People who are self-employed in the UK have to notify HM Revenue and Customs (HMRC) about their self-employed status. Although it is usually trivial, many people do not follow this law, which ultimately creates a lot of problems. Advising HMRC is very much a necessity for tax purposes, whether you are a freelancer, sole trader,

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Self-Employed Teacher Tax

What is the Self-Employed Teacher Tax Owed to HMRC?

Are you unsure of how self-employed teacher tax is calculated? A self-employed teacher’s monthly income can vary greatly, as is the case with many self-employed jobs. Particularly for individuals who follow an academic schedule and teach children. In certain situations, teachers who work for a regular company (like a music school) may be required to

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self employed tax deductible expenses

Top 5 Self Employed Tax Deductible Expenses

In this article, we cover self employed tax deductible expenses. Allowable expenses might lower your self-assessment tax liability if you work for yourself. We discuss what you can and cannot claim. We cover top expenses for self employed. Reach out to one of our professionals to get to know about self employed tax deductible expenses​

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Self-Employed Allowable Expenses

Best Self-Employed Allowable Expenses Guide Overview

The majority of self-employed individuals, such as independent contractors, freelancers, and sole traders, are required to pay income tax on their taxable income. You have to calculate and pay your taxes using self-assessment if you are self-employed. It’s important to make sure you pay the right amount of income tax. To avoid overpaying you should

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How Do I Register as a Sole Trader

How Do I Register as a Sole Trader? – Basic Guide

It is a fact that there are many benefits of establishing your own business. That’s where the sole proprietorship, the most basic business structure, comes in. Being your own boss allows you to work from home, make your own decisions, keep all profits, and apply business growth methods. So, if you wish to work as

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accounting-practices-freelancers-

3 Key Accounting Practices Freelancers and Start-Ups Should Use

To any small business owner or freelancer, venturing into the ever-growing UK business landscape is both a fulfilling and intimidating endeavour. There are so many different opportunities that lie ahead, along with various pitfalls, too.   If you’ve been trying to bring your business ideas to life or bring your talent to the table for

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sole trader or limited company

Sole Trader or limited company: Which is the Best?

“Should I go for Sole Trader or limited company?” You might be looking for the answer, right! No worries. Like you, many people ask this question before a company formation. Though your choice depends on many factors like income, taxes, market trends, customers, and management, etc. In this blog, we’ll discuss the definition and pros

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