Can I Buy a Used Electric Car Through My Business? The VAT Reality Check

Thinking about buying a used electric vehicle (EV) for your business? Smart move – electric cars are brilliant for the environment and your running costs. But if you’re a sole trader, you might be wondering: “Can I save VAT if I buy the car through my business?” The short answer? It’s complicated. But don’t worry … Read more

Payments on Account Explained: What You Need to Know 💡

If you’re self-employed or earn income outside PAYE, you might have come across something called Payments on Account. It can feel like a bit of a surprise tax bill 💸, but don’t worry—we’ll break it down in simple terms so you know exactly what to expect! What Are Payments on Account? 🤔 Payments on Account … Read more

Vehicle Tax Allowances for Sole Traders 🚗💸: What You Need to Know

Are you a sole trader using a car, van, or bike for work? Good news—you can claim tax relief on your vehicle expenses! Let’s break down how you can save money and keep things simple. 💼🏎️ What Are Vehicle Tax Allowances?  Vehicle tax allowances let sole traders claim back some of the costs of running … Read more

10 Top Side Hustle Ideas for 2024 💡

Looking to boost your income on the side in 2024? You’re in good company! More people than ever are diving into side hustles to bring in some extra cash. Whether you’re saving for something big or just want a little financial cushion, here are 10 brilliant side hustles to get you started. 1. Freelance Writing … Read more

Statutory Sick Pay When You’re Self Employed

Being self-employed means you won’t have access to Statutory Sick Pay (SSP) when you’re ill. However, you can still apply for financial support through several benefits: 1. Employment and Support Allowance (ESA): You can claim ESA if you’re unable to work due to illness or injury, but don’t have to stop work entirely if you … Read more

5 Steps to Get Your Invoices Paid on Time 💰⏰

Welcome to the world of freelancing and small business ownership! While the freedom to set your own rates and manage your income is fantastic, it often comes with the challenge of chasing unpaid invoices. Don’t worry – we’ve got you covered with our 5-Step Approach to getting paid without damaging client relationships. Step 1: Remember, … Read more

Slash Your Tax Bill: Top Tips for Savvy Business Owners

Hey there, fellow entrepreneurs and tax-tackling titans! 🦸‍♀️🦸‍♂️ Are you tired of watching your hard-earned profits disappear into the taxman’s pocket? Fear not! We’ve got a treasure trove of tips and tricks to help you reduce your tax bill and keep more money where it belongs – in your business. 💰 In this post, we’ll … Read more

Pensions for the Self-Employed: It’s Time to Get Started! 🚀

Hey there, self-employed superstars! 🌟 We know you’re busy being your own boss and conquering the world, but let’s take a moment to talk about your future. Specifically, let’s chat about pensions. 😊 Why Bother with a Pension? You might be thinking, “I’m young and fabulous, why should I worry about a pension now?” Well, … Read more