Tips to Save Taxes for Freelancers/Self Employed

Within the UK, if you are self-employed, working as a freelancer/contractor, whether through a limited company or as sole trader, you are allowed to deduct a variety of reliefs and allowances to reduce your tax bill. Slightly different rules apply depending on whether you are a limited company or a sole trader, so check on the HMRC website for more information about working for yourself as a freelancer or contractor. In the main, the rules governing the sort of expenses…

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Time Saving for Small Businesses with Xero

Xero can transform the way you run your business by streamlining and simplifying the financial administration and putting you in control with real-time information on performance. What’s less obvious is how you can save time, effort and money on everyday activities. Here are a couple of examples that our clients love. DEALING WITH RECEIPTS Scenario 1 – Dave visits his local building merchants and buys some materials to complete a job for Mrs Smith. He leaves the store, puts the receipt on…

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