Running your own business gives you flexibility, but it also means covering your own costs, including those for travel. Whether you are heading to meet […]
Self-employment
Understanding Self-Employed Tax Deferral Rules
The economic disruption caused by the COVID-19 pandemic in 2020 created an urgent need for financial relief, particularly for the self-employed. Freelancers, gig workers, independent […]
How to Know If You’re Considered Self-Employed by the IRS
Self-employment is more than just working for yourself. It affects how you earn income, how you file taxes, and the types of records you need […]
Self-Employed vs. Small Business Owner: Key Differences You Need to Know
At first glance, self-employment and small business ownership may appear almost identical. Both roles involve entrepreneurial freedom, direct control over decision-making, and the independence to […]
Essential IRS Tax Forms for Self-Employed Individuals
Filing taxes as a self-employed individual is quite different from the process that employees follow. Instead of receiving a W-2 that simplifies income reporting and […]
Essential Tax Tips for Tradespeople: Maximize Deductions and Boost Profits
For self-employed tradespeople in the UK, understanding how to handle taxes is a vital part of running a successful business. Whether you’re a carpenter, plumber, […]
How Liam Found Tax Heaven in Just 30 Minutes: A Wealth Shortcut
Liam is a seasoned web consultant who spends most of his professional time analysing and building user-friendly websites. But despite his technical background and comfort […]
How to Register as a Self-Employed Gig Worker and Maximise Your Tax Deductions
In the last five years, the number of gig workers in the UK has more than tripled, reaching over 4.5 million. This increase reflects the […]
The Ultimate Guide to Running a Business Alongside Your Job
As the nature of work continues to evolve, more people are choosing to supplement their regular employment with self-employed pursuits. Whether through freelancing, running a […]
Smart Tax Strategies for Freelancers and the Self-Employed
Tax season can be particularly daunting for self-employed individuals. Unlike traditional employees who receive a W-2 form with neatly itemized earnings and tax withholdings, self-employed […]
A Self-Employed Guide to Filing Taxes Correctly
Whether you refer to yourself as a freelancer, solopreneur, independent contractor, gig worker, or simply self-employed, the moment you start earning income outside a traditional […]
How to Get Ready for Making Tax Digital if You’re Self-Employed or a Landlord
Making Tax Digital is a government-led reform aimed at revolutionising the UK’s tax system by introducing digital record-keeping and real-time tax reporting. Its phased rollout […]
Smart Tax Moves for the Self-Employed This Christmas Season
As Christmas draws near, self-employed individuals face a familiar dilemma: seasonal cheer versus seasonal spending. Holiday obligations, gift-giving, marketing campaigns, and year-end expenses all contribute […]
Freelance Musician Tax Advice: What You Need to Know About Self-Assessment
Navigating the world of taxes as a musician can feel overwhelming, particularly when transitioning into self-employment. This guide aims to demystify the process and provide […]
Rising NIC Bills: How Landlords and the Self-Employed Will Be Affected
In 2021, the UK government announced an increase of 1.25 percentage points in National Insurance contributions, which took effect on 6 April 2022. This adjustment […]