Self-Employed

25
Mar
What Is Basis Period Reform and How Does It Affect Sole Traders?

What Is Basis Period Reform and How Does It Affect Sole Traders?

Basis period reform ended the 'current year basis' for sole traders from 2024/25. How the new tax year basis works and what transition year implications remain.
2 min read
20
Feb
What Is a Business Expense and What Isn't for UK Tax Purposes?

What Is a Business Expense and What Isn't for UK Tax Purposes?

Understanding exactly what counts as a deductible business expense in the UK — and what HMRC will not allow — is key to accurate tax returns.
2 min read
17
Feb
Understanding the Construction Industry Scheme (CIS)

Understanding the Construction Industry Scheme (CIS)

The Construction Industry Scheme requires contractors to deduct tax from subcontractors' payments. How CIS works, registration, and avoiding penalties.
2 min read
24
Jan
Understanding the Cash Basis Accounting Method for Small Businesses

Understanding the Cash Basis Accounting Method for Small Businesses

The cash basis is a simplified accounting method for UK small businesses — you record income and expenses when money changes hands, not when invoiced.
2 min read
01
Dec
How to Claim Mileage Expenses as a UK Self-Employed Person

How to Claim Mileage Expenses as a UK Self-Employed Person

How to claim vehicle mileage as a self-employed person in the UK — the approved mileage rates, what counts as a business journey, and how to keep a mileage log.
2 min read
01
Nov
How to Set Up as a Sole Trader in the UK

How to Set Up as a Sole Trader in the UK

A step-by-step guide to setting up as a sole trader in the UK — from notifying HMRC to keeping records and paying tax.
2 min read
26
Oct
Understanding National Insurance for the Self-Employed in the UK

Understanding National Insurance for the Self-Employed in the UK

How National Insurance works for self-employed people in the UK — Class 2 abolition, Class 4 rates, and what it means for your State Pension.
2 min read
11
Oct
What Expenses Can You Claim as a UK Self-Employed Person?

What Expenses Can You Claim as a UK Self-Employed Person?

Understand which business expenses are allowable for self-employed people in the UK, how to claim them, and what HMRC will not accept.
2 min read