What is the difference between employed and self employed? An employed job tends to be the way most people earn money; they head out each day to a place of work to carry out specific roles, often under supervision, and, at the end of the week, or month, get paid
You need to be aware of this if you are on the flat rate VAT scheme, as it will affect you. Please check out the video and we can then have a chat about what you need/want to do . The rules for the flat rate VAT scheme have
This is a new scheme being set up by the government in order to replace childcare vouchers offered by employers. To be able to get tax free childcare, an account needs to be set up by the parents of a child in order that what ever money is paid into
Why Change Accountants? This can be an emotive topic depending on the relationship you have with your accountant and the number of years you have been together. People say it can be like a marriage; sometimes in harmony, sometimes a few ructions are felt, while both of you are needing
The Cycle to Work Scheme The number of people taking to cycling each year is growing with over two million people taking to their bikes once a week according to British Cycling. In the large cities of the UK, it is seen to be one of the most efficient ways
I’m a self-employed singer/musician – how is my tax calculated? It is a common misconception that tax is calculated on your income/revenue/billings, and that the costs incurred for your business as a singer/musician are then deducted from that tax calculation. I wish it were true but sadly not. This blog
“But it is not interest, why do I have to put it on my tax return?” This was a question raised the other week by a client who was not happy that the reward for banking with a certain bank was taxable income. But not all amounts have to go
For all you self-employed and landlords – this is a quick heads up. Company owners, you do need to know about this as well. Back in March 2015, the government announced the end of the tax return and we all jumped for joy (except for accountants of course). Well, that
Do you have a second income as well as being employed? It is quite common now-a-days to be employed in a PAYE job, but also to work for yourself, often not just for the money sake but due to the skills you have being in demand. However, people often don’t
So you want to start a limited company? Are you really sure? Do you know why you want to have a limited company? Do you know the tax implications of a limited company? Are you a highly organised person and slightly schizophrenic to be able to
The spreadsheet has been built for the self employed performer to be able to capture their costs in an ordered fashion which will make it easier to complete the page in the self assessment tax return.
