• Posted July 16, 2020

How much money should I put aside for my Personal Tax Bill?

Estimating how much you need to save for your end of year tax bill can be tough, especially if your business has quite a few expenses. If your freelance business provides a service like tutoring or marketing, you may have limited expenses and you will take home a large part of what you turnover. However, […]


  • Posted May 11, 2020

What are trivial benefits and what are the rules you need to follow?

In 2016 the regulations for trivial benefits changed. Before the change employers could provide tea and coffee and perhaps a small seasonal gift to their employees without having to disclose the cost on a P11D or within a PAYE settlement agreement.  Under the new rules there is more flexibility and provide you stick to the […]


  • Posted March 23, 2020

Coronavirus – What support is my business eligible for?

  We have developed a tool to help you discover what government support is available for your business. This has been updated for the information released by the Chancellor on Thursday 26 March 2020.  If you would like your results emailed to you please provide your email address below   Need more guidance? For more […]


  • Posted December 11, 2019

Marriage allowance or married couples allowance – What’s the difference?

What is the difference between marriage allowance or married couples allowance? Although these allowances sound similar, the eligibility requirements are quite different. What is Marriage Allowance? Marriage allowance is a tax relief that allows a UK tax payer to transfer 10% of their personal allowance to their spouse or civil partner, in 2019/20 this is […]


  • Posted September 3, 2019

Top Tips for start-up Freelancers

I’m starting to work as a freelancer, how do I deal with my accounts and tax? Whilst becoming your own boss can exciting if can be also be very daunting dealing with the administration and regulations that running a business involves. Regardless of how you choose to structure your business you will need to prepare […]


  • Posted July 18, 2019

What is a payment on account, and do I need to pay it?

If you are self-employed or you receive an income from dividends, property or investments you will need to complete a self-assessment tax return. A self-assessment tax return is prepared annually and must be submitted by 31 January following the end of the tax year (which ends of 5 April). Unlike an employee who pays tax […]


  • Posted February 26, 2019

What tax savings could I make before the end of the year?

With over 40% of self-assessment tax returns expected to be submitted in January 2019, most people are focusing on filing their 2017/18 tax return on time. However, the 31 January also means that there are only 2 months left of the 2018/19 tax year. And with one month to go now, there is still some […]


  • Posted November 14, 2018

What do we need for your tax return?

We are now well and truly in to tax return season.  As a tax advisor, everyone expects January to be my busiest time, but the majority of my clients actually bring their accounts and tax records in between November and December.  This has led me to think about when you are frantically packing a year’s […]


  • Posted October 2, 2018

Do I need to register for Self-Assessment

As the 5 October deadline to register for self-assessment for the 2017/18 tax year rapidly approaching I thought this was the ideal time to give a quick overview of situations where you need to register for self-assessment tax. Some of the common reasons for needing to register for self-assessment are: You have income from self-employment […]