If you are ineligible, HMRC will help you to understand why and guide you otherwise. The good news is that there are quite a few financial support schemes now available and if you need financial support...
Make Money form Home. Legitimate ways to make enough money to live on, working from home during Lockdown.
Last time we donned our designer face coverings, hand sanitised (more than just our hands), and jumped feet-first into: 'Working from home in 2020. How to keep the money coming in during COVID19.'
A self-assessment tax return (2019/2020) is a bleak affair. The good news is you can keep your tax to a minimum (and TAXO'D the taxman) by knowing your Allowable Expenses, Tax Reliefs & Refunds.
A self-assessment is a horrid affair which becomes more difficult (and costly) the later you leave it. Avoid these costly and common mistakes (and TAXO'D the taxman) when filing your tax return
Invoicing customers is just another part of going freelance and being self-employed. It's easy peasy if you have the resources. Here is a really simple invoice template FREE for you to use
Being a creative freelancer is the dream. Finding the work and ensuring you are paid your worth is often the nightmare. In this blog post, TAXO'D reviews the very best platforms for freelancers in 2021.
The housing market is changing. Holiday Lets and Furnished Holiday Lettings using Airbnb are proving more profitable for landlords, but this income will still need to be declared in your self-assessment.
In the UK, HMRC is making UK business go digital. Making Tax Digital (MTD) requires all involved to maintain digital records and use only approved and compatible software to file tax returns.
Thinking about working for yourself? Then you will need an understanding of the taxes you will pay to HMRC. Here is the TAXO'D basic guide to: Understanding Income Tax for Freelancers and the Self Employed.
In this TAXO'D blog post we discuss Income Tax, National Insurance (and how they are both calculated) and other tax benefits that you may be entitled to as a freelancer or a director of your own company.
So yesterday, Uncle Rishi put out his budget (on a little dishy?) Some it was expected and some, not so expected. What it means for freelancers, self-employed and small businesses (SME)
Working as a freelancer and being self-employed means you are always looking for avenues to save money on your tax bill. When travelling for work purposes you should be claiming it as business mileage.