Category Archives: Self Assessment Tax

Allowable Expenses for the Self Employed

Allowable Expenses for the Self Employed

Managing your finances effectively is crucial for the success and sustainability of your business. When working for yourself, a key aspect of that is understanding and taking advantage of allowable expenses. In this blog post, we’ll delve into the world of allowable expenses for the self employed, helping you navigate the complexities of the UK […]

What travel expenses can I claim?

What travel expenses can I claim?

‘What travel expenses can I claim?’ is a question we’re often asked by clients So we thought we’d write this post to help you understand the answer to that very question. What travel expenses can I claim? Traveling for business or work-related purposes often involves a myriad of expenses, and understanding what you can legitimately […]

Should I Pay National Insurance Voluntarily?

Should I Pay National Insurance Voluntarily?

A question we’re often asked by clients is ‘Should I Pay National Insurance Voluntarily?’ In this latest post, we’ll explore the circumstances under which voluntary National Insurance contributions may be beneficial. This may help you make an informed decision about whether to pay voluntarily. National Insurance (NI) is a vital component of the UK’s social […]

Allowable Expenses for Travel Bloggers

Allowable Expenses for Travel Bloggers

As a travel blogger, your passion for exploring new destinations and sharing your experiences with the world often takes you to breathtaking places. From savouring the aroma of street food in Bangkok to capturing the sunrise over Santorini’s azure waters, your journey is not only one of discovery but also a business endeavour. Just like […]

Vinted Tax

Vinted Tax

In the ever-evolving landscape of online marketplaces, Vinted has become a staple for UK sellers looking to declutter their closets and find unique fashion gems. However, as the popularity of Vinted grows, so does the need for sellers to understand the income tax implications of their transactions. As a UK accountant, I’m here to shed […]

Airbnb Tax

Airbnb tax

The sharing economy has revolutionised the way people travel, with platforms like Airbnb providing unique accommodations and experiences. Airbnb tax has been a hot topic in the press recently and, as a UK host, it’s crucial to unravel the tax implications tied to your rental income. In this blog post, we’ll look at Airbnb tax […]

Side Hustle Tax

Side Hustle Tax

With more people using side hustles to boost their income, understanding the tax implications is crucial. This blog post aims to clear up some of the confusion over side hustle tax in the UK. Understanding Side Hustle Tax Taxable Income Side hustle earnings are considered taxable income, and it’s essential for you to accurately report […]

How to Report Foreign Income

How to Report Foreign Income

In an increasingly globalised world, it’s becoming more common for UK residents to earn income from abroad. Whether it’s from investments, rental properties, business ventures, or employment, reporting foreign income correctly on your tax return is crucial to ensure compliance with HM Revenue & Customs (HMRC) regulations. In this guide, we look at how to […]

Foreign Income

Foreign Income

As a UK resident, understanding your tax obligations is essential. With globalisation and the ease of international transactions, many individuals now have financial ties to foreign countries, whether through investments, employment, or property ownership. This blog post aims to shed light on the topic of foreign income and whether you need to pay tax on […]