Pure Tax Investigations highlight that HMRC has more than doubled the number of letters they sent out to people holding cryptoassets in 2024-25, to 65,000. Who is exposed to Crypto Tax? HMRC knows that many cryptoasset investors have failed to report their crypto tax … [Read more...]
The Hidden Tax Credit Gig Workers and Freelancers Can’t Afford to Miss
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?
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
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?
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...]
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