Simpler Accountants

Business

32 things you need to know about claiming expenses

Having to pay tax on your hard-earned income is certainly one of the less-welcome aspects of being a self-employed sole trader or freelancer. It’s made slightly more palatable by the fact HMRC allows you to claim a wide range of expenses (hence “allowable expenses”), which reduces your tax bill (often significantly). If you’re a self-employed …

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The Economic Outlook Following The 2022 Autumn Statement

The Chancellor, Jeremy Hunt, outlined measures that he hopes will stabilise the UK economy and help boost growth in his Autumn Statement speech.   However, the forecast commissioned by the government and published by the Office for Budget Responsibility (OBR) revealed that despite over £100 billion of additional fiscal support helping to ‘cushion the blow …

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