Question: “I have recently started self-employment as a freelance copywriter. I expect to be earning roughly £30,000 per year with about £5,000 of expenses. Can you help me understand what a normal full years tax bill is likely to be and also any National Insurance I will need to pay. I don’t have any other… Read More

Allowable expenses for the self employed We thought it would be useful to go through some of the most common allowable expenses that you can claim when you are a self employed freelancer. This advice is for Sole Traders not Limited Companies. This guide does not cover every type of business expense, just the ones… Read More

Download our Free Invoice Templates One of the most important things you need to do when you are freelance / self-employed is to send your invoices to your clients in a timely manner and also to ensure the invoices are being raised correctly and consistently. To help you with your small business accounts we have… Read More

Businesses that turnover under the current VAT threshold (£81,000 per annum) are able to use the simplified cash basis to prepare their accounts for the tax year 2013-14. The scheme is open to sole traders and partnerships and could simplify the accounting process for millions of small firms across the UK. Recording Income Under the… Read More