Running your own small business is tough at the best of times but trying to fathom what you can and cannot claim for your business costs and expenses can seem like an impossible task. Food and drink costs are no exception and the rules around claiming these costs as a sole trader can seem complicated […]
Making your charitable donations go further
There has been a spate of charitable giving in my household recently. My girls have just come back from a 10km run, supporting a charity close to our hearts. There have been trips to Naomi House with clothes that no longer fit and toys they’ve outgrown. On the global scale, we’ve seen disaster appeals for the earthquake […]
Hobby business or self-employed? Why it’s important to understand the difference
You’ve been employed or you’re working part-time. Either way you’ve had that niggling inclination to re-invent yourself, to indulge your passion in doing something creative or have a go at doing something completely new. You start selling on Etsy, take a few portrait photographs for friends, design some jewellery – you ‘re loving being able […]
Will sole traders still need to complete a tax return?
If you’ve seen the headlines this week you will have noted the numerous press articles on “death of the tax return”. You might have started celebrating or you might been left wondering what it all means for you as a sole trader running a small business. I have to say that I was a little […]