Knowledge

Cryptocurrency is becoming more and more popular, but what's HMRC position on it, and can self-employed people do business with it?

Getting a self-employed mortgage isn't hard, especially when you ask the right people for help - like Crunch Mortgages!

HMRC will allow you to apply for the fifth and final COVID-19 Self-Employed Income Support Scheme grant (SEISS) in July 2021.

Crunch nominated for gongs including Accounting Tech of the Year and Best Customer Service at the UK FinTech Awards / Brighton & Hove Business Awards.

Starting or running a business, and need tips? Want to network with fellow self-employed workers? Find out what events are coming up.

We've put together this guide to help you make a claim on the government's Self-Employment Income Support Scheme aimed at sole traders and partnerships.

There have been a number of important changes to the Coronavirus Job Retention Scheme (CJSR Furlough). Our guide explains what's changing and how to claim.

Here are six important lessons from Alan Partridge for small businesses - some funny, some tragic. Oooh, it's a good list...

Businesses can buy items of “plant and machinery” and offset some of that expenditure against their profits. Ltd companies can also claim a super-deduction.

Crunch's Personal Tax Estimator will help you work out the tax you may have to pay on your personal income, including sole trade income, salary & dividends.

Following changes introduced by HMRC in 2021, responsibility for determining your IR35 status is mostly, the same for both the private & public sectors.

The COVID-19 Recovery Loan Scheme (RLS) officially launched on 6th April 2021, to support businesses as they recover from the disruption caused by COVID-19.

The government introduced major changes to IR35 in April 2021. What do contractors and businesses need to do to ensure they're meeting the new rules?

A round up of the tax changes that may affect small businesses and business owners for the new tax year that starts on 6th April 2021.

Hiring a third party could open you up to tax and legal pitfalls surrounding their employment status – are they a subcontractor or an employee? We explain.

Although the ins & outs may be tricky to grasp for first-timers, the sooner you get your head around the HMRC VAT system the sooner you can benefit from it.

There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.

As a sole trader, your business will naturally incur running costs. The good news is that many of these running costs can be claimed as business expenses,

Want to make this tax year the most profitable yet? Our top financial resolutions and guidance will set you on the course to success.

"If there's always biscuits in the tin, where’s the fun in biscuits?" Find out if the decision to turn your hobby into a career is the right one for you.

IR35 changes were introduced on 6th April 2021 will have a significant impact on recruiters, both at employment agencies or in-house. Get your free guide.

Updates to the government's Making Tax Digital scheme are coming to VAT, Income Tax, and Corporation Tax over the next few years.

We’re fast approaching the end of the tax year on 5th April 2019. Let's take a look at what you’ll need to know.

Can your business claim the £4,000 Employment Allowance towards your NI Bill? Get all the details on eligibility, how much you can claim, and how to claim.

If you’re planning to rent out a room in your home, you’ll need to know how the tax system works, and how it affects you. Here's a jargon-free lowdown.

Filing early will mean you avoid the mid-January dread felt by many freelancers & contractors, and enjoy a well-earned worry-free rest over the holidays.

To claim tax relief on your mobile phone or landline expenses, a contract needs to be set up between your limited company and the service provider.

Getting your UK tax status wrong could mean that your worldwide income is subject to UK tax. Find out how to get it right with this jargon-free article.

There are many different tax rates in the UK affecting both individuals and businesses - we've pulled them all together so you can keep on top of them.

Think you're ready to move from a sole trader to a limited company structure? Here’s a simple explanation of when to make the transition and what you’ll need to keep in mind, without all the jargon.

Corporation Tax is the tax levied on the profits of limited companies. But what are the benefits of paying this tax early?

We explain the tax rates that apply for the 2020/21 tax year, affecting income taxpayers resident in Scotland and how to see if you're affected.

Disaggregation is when business owners try to avoid charging VAT by splitting a business to ensure each operates under the VAT registration threshold.

What's the most tax-efficient salary to take as a company director? Here are the benefits of taking a high or a low salary, without the jargon.

Dividends are payments made to company shareholders from company profits after corporation tax. If you run a ltd company they can be really tax-efficient.

If you pay for something for your business with your own money don't forget to claim it back as a business expense, we show you how.

Here is Crunch's small business friendly highlights from the the Chancellors March 2021 Budget  affecting small business owners and the self-employed.

The government has announced financial measures to support businesses through the Covid-19 emergency. There's support for certain employees, businesses and self-employed.

In 2017, the government introduced two new annual tax allowances: one for trading income (sole trade), and one for income from a property business.

What is National Insurance and do the self-employed have to pay it? This article explains it all as simply as possible.

Here's how to make sure you're paying the right amount of tax when deciding to freelance on the side, and how to stay in HMRC's good books!|Here's how to make sure you're paying the right amount of tax when deciding to freelance on the side, and how to stay in HMRC's good books!

Pension contributions are one of the few remaining tax breaks available to limited companies. It makes sense to take advantage of this tax break.

Whatever your business situation, there are significant tax reliefs for pension contributions available. So you can pay less tax and save for your future!

When you’re self-employed, or director of your own limited company, it can be confusing to know how to claim back business mileage. We've got you covered.

Many take the sole trader route when starting a business, but there are huge benefits and advantage associated with setting up a limited company.

Child Benefit is a benefit payable to someone responsible for a child under the age of 16, or 20 if they’re in full time education. There are a few things to be aware of which we’ll take a look at in this article.

Although changes to IR35 have been delayed until April 2021, contractors working through a personal service company still need to have business insurance.

Failure to file a Confirmation Statement is a criminal offence, which can result in directors being fined personally in criminal courts. Here's what to do.

To examine the latest position on whether you should be paid for sleeping at work, we'll look at the most important, and recent, tribunal cases.

Some businesses include a company car as part of the overall remuneration package for their employees. However, HMRC considers the private use of a company car to be a Benefit in Kind and is, therefore, taxed as part of the employee’s overall income from employment.

It’s essential to make sure that you keep your personal and business banking separate, so you’ll usually need a dedicated business bank account.

Freelancer, contractor, or small business owner looking to reduce outgoings and increase productivity? There’s a new solution - Crunch Free!

We’ve put together this comprehensive, jargon-free guide to help you understand how best to set up as self-employed, and how to act tax-efficiently.

In 2021, the Supreme Court ruled that Uber drivers were workers, not self-employed. But what does this ruling mean, and how did we get here?

This article will cover exactly what a director’s loan is, the HMRC rules, and your tax obligations. So you'll avoid any problems or unexpected tax bills.

If you don’t file your Self Assessment and pay any tax due by 31st January deadline you’ll face fines – and potential extra penalties. Here's all the info.

Lowering your Corporation Tax just takes diligence, a bit of knowledge of the tax system, and a few minutes every month making sure everything is recorded.

Finding work as a freelancer can be tricky. But there's good work on offer if you know where to look - here are a few of our favourite freelance job sites.

Businesses can benefit from a company car, van or motorcycle. Having a mode of company transport can be invaluable for small businesses.

The Conservatives' 'National Living Wage' is not the same as the one proposed by the Living Wage Foundation. We look at the differences.

How and why do so many freelancers end up turning into obsessed coffee lovers? What is it about coffee that suits the self-employed life? We take a look.

Confused by P11D forms? Unsure whether you need to file one? Want to avoid the common mistakes? Read our articles and you'll be an expert in no time.

New to contracting or freelancing? Struggling with filing your first Self Assessment? Our quick guide goes over the basics of what you should do.

If you live outside of the UK but run a UK-based limited company, there are certain rules you’ll need to be aware of to effectively run your business.

What is the Tax-Free Childcare scheme? How does it work, and how do you apply for it? Read on for everything you need to know about the new scheme.

A Self Assessment tax return is one of the most significant tax documents you’ll be dealing with when you’re self-employed. Here's what you need to know.

How long does trademarking a company last? How much does it cost? What's the difference between trademarking a company & registering one? All this and more.

A locum doctor can provide work under a variety of different guises, including as a limited company. We take a look at the pros and cons.

A quick explanation of each of the small business taxes you’re expected to pay as a freelancer, contractor, or small business owner.

We’ve all done it, yet most freelancers will have regretted it at some stage. Here's a few who have had enough of being asked to work for free.

A sole trader is someone who runs their own business as an individual, and is self-employed. Find out more about how it works in this jargon-free article!

Professional Indemnity insurance should be considered by any self-employed worker who is providing design, advice or specifications.

The VAT Mini One Stop Shop (VAT MOSS) scheme is a way of paying VAT if your UK business provides certain digital services to customers in the EU.

In no particular order, here are 15 personality traits that, when properly harnessed, can lead you to business success!

To make naming your business or company just a little easier, here are some simple, quick methods for coming up with a company name.

In our first article for Locums we looked at the crucial element of employment ‘status’ - how you know what status you have?

Employers’ Liability Insurance often provokes many questions, not least whether or not you actually need it. We answer the most commonly asked questions.

Struggling for present ideas this Christmas? We asked members of our Community to share some ideas so you can support a small business this December!

If HMRC decide your contract is inside IR35, it can be a costly and time consuming. We look at the best ways to ensure you're not caught out.

If you're looking to start a business here are all the I’s you'll have to dot, and all the T’s you'll have to cross to give you the best chance of success.|If you're looking to start a business here are all the I’s you'll have to dot, and all the T’s you'll have to cross to give you the best chance of success.

This handy checklist will help you understand what to look out for when arranging insurance cover as a contractor.

It's important to stress-test your small business idea for fatal flaws before you become self-employed. Here at 10 ways to stress-test your idea.

For Locum doctors, it's important to know whether you are employee, a worker, or someone who is self-employed? We explore the differences.

Wave Accounting is removing access to its free accounting software in the UK, but there’s an even better replacement for the UK’s self-employed heroes.

If you’re in the Construction Industry Scheme (CIS) and VAT registered, HMRC are changing how you account for VAT from 1st October 2019.

Public Liability Insurance won’t cover you retrospectively, so you should have it in place as soon as you start to interact with members of the public.

Lesley of the HR Kiosk provides advice for care workers who are unsure of their rights. Have an employment question? Leave a comment.|Lesley of the HR Kiosk provides advice for care workers who are unsure of their rights. Have an employment question? Leave a comment.|Lesley of the HR Kiosk provides advice for care workers who are unsure of their rights. Have an employment question? Leave a comment.

Upload bank transactions in a flash with Crunch's simple and secure Open Banking feeds, with established links with several of the UK's biggest banks.

If you're a director of a limited company, you can claim up to £150 as a business expense for a Christmas party. There are some strict rules, though.

A handy, jargon-free checklist to prepare you for when times take a turn for the worse.

The Coronavirus Business Bounce Back Scheme is designed to provide quick access to cash . We've put together this guide to help you make a claim

Looking to find your gap in the self-employed market? Here's how do you identify your niche among the self-employed community and stress-test your idea.

From 1 January 2021, all non-British/Irish nationals will require a valid immigration status/visa to live, work, and study in the UK.

Our ultimate business tips guide covers everything from which hand to hold your drink, to the secret tricks that the most successful people swear by.

Bookkeeping is the art of recording your financial information so that you can keep track of your incomings and outgoings. It can be a delicate process, but once you've mastered it, you'll have full control of your finances.

The government have announced the Job Support Scheme to protect viable jobs in businesses who face lower demand over the winter months due to COVID-19.