Starting a side hustle can be exciting and rewarding, but it’s vital to stay on top of your tax responsibilities from the ...

Once you reach the “Self-employment” section of the tax return submission process on the HMRC website, you will have the chance to fill out your income figures for the year. On the screen titled ...

Keeping on top of your self-employed expenses is key to reducing your overall tax bill. Find out what you can claim for with our guide. Menu Toggle. ... Business Plan Template; ...

For self-employed workers, there’s another valuable deduction available: the ability to deduct premiums paid for health ...

If you are self-employed, claiming as much tax relief as possible is probably one of your main priorities when doing a tax return.As taxes come out of your hard-earned profits, you will want to pay HM ...

Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment tax deductions. The self-employment tax rate is 15.3% of net earnings.

A common problem with freelance work as a sole trader is not knowing whether something counts as a business expense, especially if you work from home. However, with the new tax year ahead, now is ...

Tracking spending is the first step to getting your finances in order. An expense tracker app can make it a lot easier to account for every dollar as you spend it, rather than sitting down with a ...

The good news, however, is that the IRS "treats the employer portion of the self-employment tax as a business expense and allows you to deduct it accordingly," said Investopedia. 3.

Given the current frosty weather, this could save self-employed folk a sizeable amount on their tax-return, but home-workers need to submit their tax-return by the January 31 to benefit from this ...

What self-employed expenses can I claim to reduce tax? Knowing what you're allowed to claim can be complicated - especially as self-employed work can vary significantly from person to person. See our ...

If you are self-employed, claiming as much tax relief as possible is probably one of your main priorities when doing a tax return.As taxes come out of your hard-earned profits, you will want to pay HM ...