It might cost money to make money, but claiming any allowable expenses can help lower your tax bill. Read our information guides to find out what you can claim, as well as what records you need to keep about the expenses going through your business.
There are many benefits to self-employment such as job satisfaction, a good work/life balance, and creative freedom. But the true reality of your business (besides those listed) is your profits. Profits are important, helping you to fund the growth of your business, and providing you with the money you need to pay your bills and…
Everything we do here at Pandle HQ centres around making bookkeeping as simple as possible. After all, the whole point of software is that it makes things faster and easier, and thatâs what Pandle is all about. No shuffling through paperwork, no flipping from your receipt capturing app to your accounting software trying to join…
In business the terms âcostsâ and âexpensesâ are commonly used interchangeably and, whilst this is fine in everyday conversation, itâs good practice to define the difference when weâre talking about a business situation. The reason for this is that costs and expenses are recorded differently in a businessâs accounts and, in some cases, have different…
Nobody wants to pay more tax than they need to, and there is no reason why you should pay more than your fair share. So, in this post, we’re going to look at the different allowances and tax reliefs that a self-employed person can claim. This isnât tax avoidance, or any kind of shady practice….
Contracting is a great way of life and for many people, itâs a way to combine the freedom of self-employment and the security of a regular job. But, to avoid any unfair tax avoidance, HMRC has been cracking down on so-called âdisguised employmentâ for many years. What is disguised employment? A disguised employee is someone…
