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Sole Trader Expenses Guide – Reducing your tax bill with allowable expenses
Understanding what expenses can be offset against your income will help you bring down the amount of tax you pay to HMRC, meaning you keeping more of that hard earned cash. Here, we have put together some key expenses that ...
Paying into your pension
When you run your own business it is important to think of the future. When you are employed you have the security of a pension. So what are your options as a Limited Company owner? Here we take a look. ...
The Autumn Statement 2022 – Full Report
Since the reversal of Liz Truss’s tax policy changes last month, new PM Rishi Sunak and Chancellor Jeremy Hunt have promised a new statement, concluding that now is the right time to proceed with a package of tax cuts. In ...
BREAKING NEWS – Repeal of IR35 reforms and back track on Corporation Tax
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the plans to repeal the Off-payroll IR35 Reforms, which had been announced by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out a ...
MINI BUDGET SEPTEMBER 2022
The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected.Repeal of the ...
Taxevo’s top tips on being ready for the Corporation Tax Rate increase in 2023
One major announcement from the March 2021 Budget was that from April 2023 there will be an increase in Corporation Tax. So what does this mean to you and your business? In this blog we explore what’s changing, and how ...
Summer socials and entertaining staff – what you can claim as a business expense
The schools are out, the sunshine has (finally) made an appearance and everyone is looking forward to enjoying their summer, hooray! So you might be thinking about hosting an event for you and your Limited Company employees, but who foots ...
How to borrow money from your Limited Company and the associated tax risks
You may find that from time to time you’ll need to borrow money from your Limited Company, so how do you go about doing so, what are the risks and is there anything you need to be aware of? In ...
Taxevo’s 7 top tips for contractors and freelancers to reduce your income tax bill in 2022
The sunshine is finally here, hooray! And whilst your mind might be jetting off to hotter climates, sandy beaches, and cold fruity drinks, it’s a good time to take stock of your tax and whether it’s working as hard as ...
5 top ways in which you can manage multiple clients as a contractor or freelancer
5 ways to manage multiple clients as a busy contractor or freelancer Having lots of clients needing your expertise is a great position to be in, as it enables you to have more variety in your working week, increases your ...
Top tips on how to reduce your energy consumption when working from home
The cost of living is at an all-time high, and if you’re contracting or freelancing from home your costs will be even higher than those of an office dweller. So how can you reduce your spend when working from home? ...
A freelancer and contractor’s guide to tax planning for 2022/23
Tax planning for 2022/23 To get the most from a Limited Company, it’s worth looking ahead to the coming year and planning accordingly. But what does this mean for contractors, and what do you need to look out for? In ...
