Are you one of the many individuals juggling a side hustle alongside your main job? Whether you’re selling goods online, freelancing, or offering services on the side, understanding how your additional income impacts your taxes is crucial. Enter TaxDash, the…
HM Revenue & Customs have recently updated and clarified their guidance on training costs paid by the self-employed. The general rule for whether the cost of a training course can be deducted from your self-employed profits is that it must be incurred wholly and…
When starting a business, there are a lot of big decisions to be made, including whether to go self-employed or set up as a limited company. Every business, irrespective of the size, big or small, must have a legal structure. Here we look at some of the benefits and…
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…
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…