Keeping self-employed tax records
28th April 2021 Posted by - Alexander Accountancy
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate
Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material
One of the main areas to consider in deciding how to treat a deductible expense is whether the cost is revenue or capital in nature. There is no single, simple […]
When deciding whether an expense is allowed or disallowed for tax purposes it is important to bear in mind that the expenditure must be incurred
If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance
Following the 31 January 2021 deadline for submission of Self-Assessment tax returns for 2019-20, it can be a useful exercise to review the rules for
Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee is required to pay the car fuel benefit charge. The
There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and private […]