Blog - CheapAccounting.co.uk Accounts & Tax Info

Tax Tips and Advice for Freelancers and the Self Employed

Important- defer your July Payment on Account

Important- defer your July Payment on Account

  Given the current situation, HMRC are allowing the Payment on Account due on 31st July 2020 to be deferred. No penalties or interest HMRC say that if you’re registered in the UK for Self Assessment and may have difficulty making your 31st July 2020 Payment on Account due to the impact of coronavirus you can defer it without incurring any interest or penalties as … [Read more...]

Exit Planning for Contractors, Freelancers and Small Business Owners

Exit Planning for Contractors, Freelancers and Small Business Owners

There are many reasons why you could be thinking about finishing your career as a contractor. Maybe you are moving back into full-time employment or perhaps you are thinking of retiring; whatever the reason it is worth planning your exit carefully. Closing the company Before closing, the affairs of the company will need to be brought up to date (accounts and tax returns), … [Read more...]

When it pays to be underdressed

When it pays to be underdressed

The madness of the UK Tax System. The general rule of thumb regarding claiming for clothing through your business is that it is not an allowable expense unless it's protective or uniforms. The reason for this is that HMRC say that clothes are needed for "warmth and decency". This was demonstrated by a high profile case involving BBC Presenter Sian Williams where her … [Read more...]

Can I claim for my lunch on the go?

Can I claim for my lunch on the go?

  This handy guide from FreeAgent’s Chief Accountant Emily Coltman explains when you can and cannot claim for your lunch. Just click on the infographic to see a larger image.   View the full image at FreeAgent … [Read more...]

What is An Accountant?

What is An Accountant?

Did you know that anyone can call themselves an accountant? Unlike solicitors who have to be a member of the Law Society to be able to use the term “Solicitor” anyone can attach the title of Accountant to their name without challenge or regulation. They do not need to: Have any accountancy qualifications Belong to an accounting professional body Have passed any … [Read more...]

Important Stuff!

Salary and Dividends for 2021 / 2022

Salary and Dividends for 2021 / 2022

… [Read More...]

Self Employed Key Facts 2020 / 2021

Self Employed Key Facts 2020 / 2021

… [Read More...]

Salary and Dividends for 2020 / 2021

Salary and Dividends for 2020 / 2021

… [Read More...]

Why I recommended FreeAgent

Why I recommended FreeAgent

… [Read More...]

Income, Profit, TAX POT and Earnings

Income, Profit, TAX POT and Earnings

… [Read More...]

How to extend your filing deadline HACK – Limited Company

How to extend your filing deadline HACK – Limited Company

… [Read More...]

20 things every small-business owner should know about VAT

20 things every small-business owner should know about VAT

… [Read More...]

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Recent Posts

  • Salary and Dividends for 2021 / 2022
  • 2021 Year of the self assessment muddle
  • Tips for Start up Freelancers
  • Bounce Back Loans, Illegal Dividends and Buying Cars
  • Fraud prevention measure and how it can scupper your business receipts

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