If you are residing in the UK and plan to offer your services as a self-employed individual, there are a lot of interesting factors that you can avail for your benefits. One of the prominent benefits is tax-deductible expenses. Are you wondering how can tax deductions be beneficial if you are carrying out your own […]
Top 5 Tax Deductible Travel Expenses for Self Employed in the UK! Read More »
A lot of time and paperwork can be saved by claiming expenses using the simplified rates, rather than recording and deducting actual costs. However, if the deduction is considerably higher using actual costs, the additional time investment may be worthwhile. Given current high cost of fuel, where mileage is high, a deduction based on actual
Use Simplified Expenses to Save Work Read More »
There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be substantial. Before it is able to start trading, a business may incur expenditure on items such as: acquiring premises; recruiting staff; buying stock; setting up website; IT costs; advertising and marketing; and travel and subsistence.
Tax Relief for Pre-trading Expenses Read More »
