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.

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

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.

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.

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.

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.

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

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.

Everyone knows it’s legal to evade tax but completely illegal to avoid it, right? Wrong. Confused? You’re not the only one, we'll clear up the confusion.

The government’s reform of IR35 rules is forcing many contractors operating personal service companies to review their options.

The government has delivered its budget for March 2020, outlining changes to IR35, tax rates, and amendments to Statutory Sick Pay.

Crunch has written a letter to the government including our detailed response to the 34 questions included in the consultation about off-payroll working in the private sector.

It's generally accepted that football players - top flight players in particular - are stupendously overpaid. What if we paid them an average UK wage?

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.

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.

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.

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

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!

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.

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.

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

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.

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

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

Is your accountant better at invoicing you than looking after your accounts? Here are the top five signs you need a new accountant.

Bookkeeping software may not be able to make bookkeeping fun, but it can definitely make it much easier. Here's a few ways how.

Your P60 is a summary of your pay and all deductions in a specific tax year (6th April to 5th April the following year). Here's what it includes.

If you spend time working from home, then depending on the work you do, you might be able to claim expenses back for using your home as an office.

Why use online accounting software when you can download an Excel spreadsheet for free? Well, the reasons are numerous.

Usually refers to a limited company, set up to provide the services of a contractor. Find out how you can set one up, and why you might want to.

Giving or awarding shares through an Employment Related Securities scheme can be a good way for employers to reward employees. Here's what you need to know.

Thinking about closing your limited company? This article will explain the two main options - informal strike of or members' voluntary liquidation.

Making Tax Digital (MTD) is the government’s plan to shift tax online. The initial changes will only really affect you if your business is VAT registered.

Rules on tax relief available for Buy-to-let properties changed in 2017 and are being phased in over four years, meaning increased tax bills for some.

For small businesses, keeping the tax inspector happy is high on the list of priorities. We look at five ways to keep compliant and things running smoothly.

So, you're a small business owner who is VAT registered. Therefore, you have to add VAT onto your invoices or the goods you sell.

Employees and Workers can complain to an Employment Tribunal if they are dismissed or victimised at work in any way for making such a disclosure.

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.

Tax credits are an incentive for people to remain in low-waged employment instead of seeking similar benefits in unemployment.

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.

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.

How to stay on top of the deadlines for your tax filings as a freelancer, contractor or small business in the UK.

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.

Contractors registered under the Construction Industry Scheme (CIS) are required to deduct tax from their payments to subcontractors. We explain how CIS works.

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.

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.

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

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

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.

Payment on account is not something that is widely known about among people who have never been part of the Self Assessment system. Learn more now!

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.

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.

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.

Chancellor Philip Hammond delivered his Budget on 29th October 2018. Here are the main takeaways for freelancers, contractors, and small business owners.

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.

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.

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.

Self-employed and struggling to deal with Self Assessment? Start the tax year positively and make next year’s Self Assessment as painless as possible - get some expert advice from our client managers.

HMRC's systems can be a little tricky to navigate, and you might not always know which department you're looking for. Thankfully, we've compiled a handy guide to point you in the right direction.

As anyone is able to see the director service address on the public record, many people prefer to provide an alternative to their home address.

Receiving a gift from your employer is a great feeling, but in the workplace the employer needs to be aware of whether or not they need to pay tax on the present. Here are some helpful examples for small businesses.

Since June 2016, UK companies have been required to maintain a PSC register of decision-makers. We explain what you need to do to stay compliant.

Thinking about selling your limited business? You'll need to know about entrepreneurs' relief.

Welcome to the tax rogues Hall of Shame! featuring Alan Partridge, Vince Cable, Kerry Katona, Bernard Black and Wesley Snipes.

Corporation Tax cuts mainly benefit larger corporations and do little for start-ups that are usually loss-making in the first few years, say the RSA.

Claiming back money spent is one of the biggest perks of being self-employed - but you can't just claim everything. What's the deal with lunch expenses?

What is leasing? And how do you go about leasing through your limited company? We explore your options and the pro's and con's.

We all agree that donating to a charity is good for everyone but did you know that there are tax-efficient benefits to donating? We take a look.

If you work through a personal service company, then you need to understand how Supervision, Direction, or Control affects travel and subsistence expenses.

The UK is holding out for a hero, and there’s an unlikely one riding over the horizon ready to whip us all into shape - the humble bicycle.

Capital Gains Tax comes into play when you make a profit from selling something you own. The important point to remember is that the tax is calculated on the profit you make, and not the amount you sold it for. As the name suggests, it’s all about the gain! Here's a quick breakdown of what you need to know.

If the time has come to close your business, there's a tax efficient method called a Members’ Voluntary Liquidation - or an MVL for short.

Find out what's actually on a Limited Company Statement of Financial Position (formerly referred to as a Balance Sheet), and why you might need one.

A company year end can be a daunting undertaking for first-time limited company directors. However it needn't be the end of the world. Here's what you need to know to get your year end accounts sorted.

Would you pay more National Insurance to receive the same benefits as full-time employees? We explore a policy proposal from the RSA's Entreprenerial Audit.

A multinational online company with an out of town warehouse can pay less in business rates than a struggling independent high street shop. Is this fair?

If you’re hoping to start the new tax year afresh, a full check-up like this will give you some sound knowledge of your business and what you could be achieving, leaving you confident and assured about the future.

Coronavirus: The government has announced a three month extension period to file accounts with Companies House during the coronavirus emergency

Bad news if you were intending to pay off your Self Assessment tax bill with a personal credit card - this will no longer be an option as of 13th January.

If you've undertaken some R&D work, or even if you’ve worked for another company on a project, you could be due Research and Development tax relief.

We take a closer look at how the new Flat Rate VAT scheme and the Limited Cost Trader test will affect you if you’re a VAT registered small business.

The new Marriage Allowance policy will allow some couples to potentially save on the amount of income tax they pay.

Small businesses can ask HMRC for an advance of payments to employees and directors to cover statutory maternity and paternity pay.

An EYC enables you to amend (‘update’) any payroll data previously submitted to HMRC for an employee or director of your limited company after 19th April, for the preceding tax year, even if your payroll is closed.

Do you find Real Time Information confusing? We show you how you can download PAYE tools and how to use them in order to make your filing simpler.

HMRC has experienced a number of issues which has lead to some delays and difficulties. Here's how things stand with MTD for VAT.

FRS 105 is the Financial Reporting Standard applicable to micro-entities in the UK (issued by the Financial Reporting Council ).

Missed our Self Assessment webinar for Hermes drivers? Don't worry, the recordingis available to view - we also recorded a Q&A to answer your questions.

Benefits in kind are benefits that employees or directors receive from their company which aren’t included in their salary or wages. They’re also sometimes called ‘perks’ or ‘fringe benefits’. Not all benefits in kind are treated in the same way by the tax system, so here's what you need to know.

In the 2014 Budget, the government revealed they were handing new powers to HMRC to recover debts. We look at the legislation and what this means.

Is a Jaffa Cake a cake, or a biscuit? It took a case in court to come up with a full answer. Find out the answer here.

From urine to beards and all the way back to biscuits and breast implants! Here’s a list of our all-time favourite daft tax laws.

Starting this month, HMRC is introducing a new way of collecting personal tax, called Simple Assessment. Here's what the self-employed need to know.