How is cryptocurrency taxed in the UK?

How is cryptocurrency taxed in the UK? March 15, 2022 There is no specific cryptocurrency tax in the UK. Instead, your crypto will either be subject to Capital Gains Tax or Income Tax. The crypto tax you’ll pay depends on the specific transactions you’re making with your crypto. If you’re seen to be making an […]

Capital Gains Tax on Property

Capital Gains Tax on Property March 15, 2022 If you sell a property in the UK, you might need to pay capital gains tax (CGT) on the profits you make. You generally won’t need to pay the tax when selling your main home. However, you will usually face a CGT bill when selling a buy-to-let […]

How to Pay Taxes as a Freelancer

How to Pay Taxes as a Freelancer March 12, 2022 Working as a freelancer gives you flexibility regarding working hours, the clients you want to work with, and even the work location. In short, you get to be your BOSS! To be precise, after the Corona Virus outbreak, more and more people are inclined towards […]

What is IR35? Does it apply to your contract?

What is IR35? Does it apply to your contract? March 12, 2022 What is IR35? If you provide services through intermediaries, are a client receiving services through intermediaries, or are a company providing workers services through intermediaries, then IR35 is the law you should not ignore. IR35, defined as off-payroll working rules by HMRC. IR35 […]

New Year, New Me: Accounting Resolutions for 2022

New Year, New Me: Accounting Resolutions for 2022 March 12, 2022 We know you are done with new year’s resolutions, as listing them is a struggle but forgetting them is NOT SO MUCH a struggle. So, we have come up with the Top 5 Accounting resolutions for 2022 that you cannot ignore: 1. Plan for […]

Accounting Calendar for Contractors and Freelancers

Accounting Calendar for Contractors and Freelancers March 12, 2022 Being a freelancer is exciting as you get the freedom to choose the work, the clients, the working hours, and even the workplace. But being a freelancer also means that you need to stay on top of the taxes. You need to prioritize your self-assessment returns […]

Sole Trader VS a Limited Company

Sole Trader VS a Limited Company March 12, 2022 What is the difference between Sole Trader and a Limited Company? Understanding the difference becomes important to find out which legal structure best suits your business. Every business, regardless of small or big, needs a legal structure. You can either choose to be a sole trader, […]