The main fiscal event of the year is over, and with it plenty of critiques milling about online, it’s time to dig down into the nitty gritty and see what it all really means for small businesses.
As the buzz around this year’s Autumn Budget dies down, we take a look at the changes that will affect small businesses, freelancers and contractors, so you know exactly what to expect from April 2018.
There can never be 100% certainty surrounding the topics that will come up in any Budget, but there’s always a better chance of certain topics getting covered.
For start ups and small businesses the Budget can mark a turning point in how accounts are managed and more often than not, a change in the tax they will pay.
When you are growing your business, every penny counts. Learning what you can and can’t claim as expenses on your taxes is essential, as this will not only save money but will also ensure that you don’t fall afoul of the HMRC at the end of the year. To ensure you don’t lose out and make mistakes on your claims, it is essential that you thoroughly know your rights.
As a freelancer, it can be difficult to know what you can claim as a business expense and what is considered a private cost. When it comes to working from home, this can be especially tricky and hard to navigate.