Are you Self Employed or a Sole Trader? Many people don't quite understand what it means when you are self employed or sole trader as it is also known. You are classed as self-employed when you are personally responsible for your own tax and National Insurance...
A lot of people let out rooms in their residence for extra income. This raises the question whether they need to pay tax on the income generated from renting out a room. If you are letting a room or rooms (furnished) in your main residence, then there is a special...
When running a business from home you can claim part of your household expenses as a business expense. You are allowed to deduct the part of your expenses that wholly, exclusively and necessarily relates to costs incurred to run your business from home. If you have...