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What type of training course counts as an allowable expense?
Posted on 13th April 2021 by Marketing Executive - Katherine Ducie
As a freelancer, there’s a range of allowable expenses that you are entitled to claim for – from mortgage interest when you’re working from home to fuel when you’re travelling, office equipmen...
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Important tax dates for your freelance calendar
Posted on 18th January 2021 by Phil Ainley MCIM CMktr
As a self-employed professional, one thing that will always need to be prioritised is your Self Assessment tax return, which is due by 31 January each year. There is an automatic penalty of £100 if y...
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Dividends and dividend tax rates for the self-employed: what do I need to know?
Posted on 17th November 2020 by Marketing Executive - Katherine Ducie
For some self-employed people who work through a limited company, paying themselves through dividends can be a more tax efficient option. What is a dividend? A dividend is the distribution of pr...
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Further guidance issued on furloughing employees and the Coronavirus Job Retention Scheme (CJRS)
Posted on 6th May 2020 by David Harmer, Tax Consultancy Manager at Markel
HMRC have now published more detailed guidance on furloughing workers and the CJRS. Helpfully, the new guidance makes it clear that some individuals who, despite not being engaged under contracts of...
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How to Prepare Your Business for Making Tax Digital
Posted on 1st February 2019 by Scott McLay of SAGE
In April 2019, HM Revenue & Customs will introduce Making Tax Digital (MTD) its newly digitised tax system. This is an effort to modernise taxation, improve its own internal systems and minimise e...
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Tips for a productive day for a freelancer
Posted on 4th January 2019 by Anna Guilford, Digital Marketing Assistant at GoSimpleTax
Being a freelancer will mean that at some point through the year, you will be working remotely. However, being in a different environment can cause productivity issues. This doesn’t have to be ...
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5 ways to reduce your tax bill when self-employed
Posted on 10th December 2018 by Caunce O'Hara
When you’re self-employed it comes with many perks. But it also includes many challenges which are normally around tax. Every penny is important when you set up on your own, so you’ll most likely ...
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Should I register my company for VAT?
Posted on 4th April 2018 by Phil Ainley MCIM
VAT, or value added tax, is a tax that is added to the value of goods or services sold in the UK. VAT can be charged on things like: * Business sales – when you sell goods or services. * Hirin...
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Planning Tips For Freelance Taxes
Posted on 10th November 2017 by Caunce O'Hara
Most freelancers don’t even think about their taxes until it’s time to file their tax return. This kind of approach to freelance taxes will inevitably lead to last-minute panic and missing out on ...
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One trend that will always remain… Your January Tax Return.
Posted on 9th January 2017 by Cogent Accountants
The Christmas celebrations may seem like a distant memory, you have successfully managed the first couple days back at work, and now it is time to think about your self assessment. If you are not a...
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