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Business Partner Magazine

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The Hidden Tax Credit Gig Workers and Freelancers Can’t Afford to Miss

February 13, 2025 by BPM Team

Time to file taxes, income tax forms, IRS filing deadline, paperwork

Up to $32,220 — that’s how much self-employed professionals, 1099 independent contractors, and small business owners can possibly receive from the government if they act fast. Yet, few people who qualify for these funds have even heard of the Self-Employed Tax Credit (SETC), … [Read more...]

How Do I Calculate My Annual Corporation Tax?

October 17, 2023 by BPM Team

manager checking financial data

For business owners, understanding and managing their annual corporation tax is a fundamental aspect of financial responsibility. Corporation tax is a levy imposed on a company's profits, and calculating it correctly is crucial to ensure compliance with tax regulations and avoid … [Read more...]

The 8 best tax software in the UK

September 1, 2023 by BPM Team

Woman working using laptop beside yellow calculator

Identifying which tax software is the best is so important; this way, you can eliminate the need for an accountant. This helpful list of tax software will steer you in the right direction in which one you should use going forward. Working for yourself can be stressful enough … [Read more...]

What Tax Do The Self-Employed Pay On A Monthly Basis?

July 21, 2023 by BPM Team

Cropped view of man using calculator with tax form

Self-employment taxes are for individuals who work for themselves rather than as company employees and must pay. When someone is self-employed, they are considered both the employer and the employee, requiring them to cover both the employer and employee portions of certain … [Read more...]

Tax Planning Tips For Small Business Owners

May 12, 2023 by BPM Team

Young Businesswoman Doing Calculations In The Office

As a small business owner, dealing with taxes each year can seem complicated and overwhelming. By preparing well in advance, using resources wisely, and following some best practices. However, you can navigate the process smoothly and ensure an accurate return is filed on time. … [Read more...]

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