Year: 2016

Handy Guide to Allowable Business Expenses for Soletraders

Most people will know that certain costs can be expensed against your sole-trading revenue or income to reduce taxable profits and ultimately reduce your tax liability and help you save tax. Here is a helpful guide to allowable business expenses that HMRC will normally allow. The Inspector of Taxes (HMRC) will allow revenue expenditure as…

Earn £7,500 tax free – Rent a room Relief

If you have a spare room in your home (applies to tenants also) and you don’t mind living with someone who is not family (of course, you can vet them first!) then you could be earning up to £7,500 completely tax free. The government Rent a Room Scheme lets you earn up to a threshold of £7,500…

Small business owner?

The new Making Tax Digital requirements impacts YOU What is Making Tax Digital? Making Tax Digital is a government initiative that sets out a bold vision for ‘a transformed tax system and the end of the tax return’ Making Tax Digital is all about making tax administration more effective, more efficient and easier for taxpayers,…

Business owners outraged at new pound coin

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Petrol Prices at their highest since July 2015

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