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Self-Employment Explained

self-employment explained

While going into business to work for yourself is an exciting time, there will be a lot you will need to consider. Self-employment means you will be taking on many responsibilities in the course of running your business, including meeting your tax obligations.   What is self-employment status?   If you start to work for […]

Ultimate Guide To Allowable Expenses

allowable expenses

Business owners and sole traders have a responsibility to calculate and file their total trading profits each year and to pay tax on that amount. A company’s tax liability can be reduced by deducting the cost of allowable expenses from your total trading profits.   What are allowable expenses? Allowable expenses are essential business costs necessary […]