Every contract has a fixed end date which brings a freelancer to a scenario with two possibilities – one, of getting the contract renewed which happens only if the client loves your work and wants to continue with your services or, second, parting ways for different reasons. However, in case the former happens, the client... View Article
Calculating tax and taking every bit of detail into account can be quite boring and exhaustive. But dealing with it sooner than later will save last minute mistakes and panic situations. Rushing with the detailed and tedious procedure at the last moment could mean missing out on vital information leading to incorrect tax return claims.... View Article
Modern-day businesses require an extensive travelling schedules. Self-employed or Business owner are often using own cars or company cars to make business travel. There is always a dilemma whether to claim full car purchase cost, running & maintenance cost and mileage claim. Mileage claim is simplified method that can be used as a deduction while... View Article
Since the beginning of covid pandemic in 2019, businesses have transformed their operations. There are no longer lavish offices with thousands of employees crowding the work floor. Instead, there are scanty places at home where a single setup is enough to remain in touch with rest of the office members. In the current situation, are... View Article
With new avenues of businesses opening up in the UK, there are several people who are now shifting from service to self-employment. Also, there are budding entrepreneurs who have found self-employment through their passion and hard work. Today I will be focusing on the areas that you need to take care of when you are... View Article
Self employed form of business is a situation where you are own boss. Decision, executions and project acquisition solely takes places on your consideration. However, taxes are required to be paid within its due date and for that accounting becomes an essential tool. Hiring an accountant for self-employed is the most sensible thing to do... View Article
As an accountant for self-employed in UK the most common question that I come across is “how do I reduce my tax burden?” In other words, how can tax savings be done for a person who is self-employed. Well, my answer to the query is that right knowledge about the prevailing law can help you... View Article
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