Business Asset Disposal Relief (BADR) – was 10%, now 14%, rising to 18%
Business Asset Disposal Relief (BADR) reduces your capital gains tax bill if you sell your business. How does BADR works and what are the current rates?
Eye tests and glasses for the self-employed: what you can claim
Practical guide for sole traders and the self-employed on claiming eye tests and glasses as business expenses. Explains how HMRC’s strict rules work.
Phone and internet expenses for sole traders: HMRC rules and allowances
Most self-employed people rely on the same phone and broadband for both work and personal use. You can usually claim back part of the cost as a business expense, but…
Does your small business need tax investigation insurance?
Tax investigation insurance is a type of policy which provides financial cover in case your small business is subject to an HMRC enquiry.
Private health insurance options for small business owners
Practical guide to private health insurance for the self-employed. How policies work, the main types of cover available, and how much does it cost?
Entertainment expenses for sole traders: what you can and can’t claim
Client lunches. Coffee after a meeting. A team meal at the end of a project. Are any of these costs tax-deductible? For sole traders, the tax treatment of “entertainment” has…
What training expenses can you claim if you work for yourself?
Learn which training costs you can claim when self-employed, how HMRC treats them, what records to keep, and where to enter them on your tax return.
What business expenses can you claim as a sole trader?
As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense?
What is ‘turnover’ and how do you calculate it?
Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.
Self-employed income protection – cover if you’re sick or injured
Find out how income protection works for sole traders. Learn cover limits, deferred periods and policy types if you can’t work due to illness or injury.