There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.
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.
Self-employed workers were dealt another blow after Chancellor Philip Hammond ditched plans to abolish Class 2 National Insurance on 5th September 2018.
Although many commentators believe that the AWR were not intended to apply to ‘professionals’ with their own limited companies it is certainly possible.
Using these advisory fuel rates, you can calculate what percentage of the business mileage rate applies to fuel and calculate the VAT on that element.
Tax credits are an incentive for people to remain in low-waged employment instead of seeking similar benefits in unemployment.
What is the Supervision, Direction, or Control test and how does it affect travel and subsistence expenses?
If you work through a personal service company, then you need to understand how Supervision, Direction, or Control affects travel and subsistence expenses.
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.
In 2017, the government introduced two new annual tax allowances: one for trading income (sole trade), and one for income from a property business.