Do Simplified Expenses Work for your Business
For many small business owners and the self-employed, keeping track of expenses can be a daunting task. Receipts pile up, calculations become complex, and tax filing gets scary. This is where simplified expenses come in, offering a seemingly easier route to expense deductions. But while the expense may be simplified, choosing the right approach isn’t […]
Tax Advantages for an Author Working from Home
HMRC offers two methods for claiming home office expenses, each with its own advantages: Simplified Expense Method This is the easier option, allowing you to claim a flat rate of £6 per week (£312 per year) for all your home office expenses. No need to keep receipts, but the deduction amount may not reflect your […]
Knowing When your Creative Side Hustle can Become your Main Gig
If you’ve got a creative passion that fills your weekends (and you’re a little bored with the day job), then the temptation will always be there to switch to dedicating yourself to the music, acting or writing that really moves you. But how can you spot the tell-tale signs that your creative side hustle is […]
The IR35 Labyrinth: The Tax Implications for Actors
For actors, the allure of the stage and screen is often accompanied by the complexities of freelance life. While the freedom to choose projects and manage your schedule holds immense appeal, navigating the tax landscape can be a daunting task. IR35, a set of rules designed to ensure individuals genuinely working as contractors pay the […]
Tax Management and Financial Advice for Child Content Creators
For many parents, it’s a bewildering world. That someone so young can utter the phrase ‘I stream COD live on Twitch’ and not only expect to be understood, but also to make money from it, can be unfathomable. And yet, they do (Twitch is an online video platform; COD is Call of Duty), and gamers […]
HMRC’s Tax Investigations – What to Do (and How to Avoid Them)
The most recent figures available show a continuing growth in HMRC tax investigations into small businesses and individuals – up to quarter of a million a year at last count. We all tend to agree that HMRC needs to maximise tax revenues, but an investigation can be a stressful experience, so understanding the reasons behind […]
Changes to VAT Registration and Deregistration Thresholds
If you’re self-employed then the freedom of being your own boss, includes organising health insurance – but the question of claiming back costs from HMRC becomes more complex.
Can the Self-Employed Claim Costs of Health Insurance from the Taxman
If you’re self-employed then the freedom of being your own boss, includes organising health insurance – but the question of claiming back costs from HMRC becomes more complex.
Google Ads and VAT: It’s Complicated
Google will bill you from Ireland for your Ads expenditure. Which makes VAT complicated…
How Our Bill Management Services Can Help you Grow your Business
No-one (apart from us) gets into business to wrap themselves up in the joys of daily bill management. Many of our clients are in the creative and sporting industries – and that daily accounting stuff is just so far from where they want to be. But, to grow a business or a career, that numbers […]
