Motor expense guide for the self-employed

What are allowable expenses? If you’re travelling exclusively for business purposes, you can claim your motor expenses as “allowable expenses”. Although it doesn’t include if: You travel between just your home and your permanent workplace Private travel How do you calculate your motor expenses? If you don’t have receipts for all your travel, then you…

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Registering as a sole trader

How To Register As a Sole Trader in the UK When you’re self-employed, you should register as sole trader. If you’re starting a low-cost business, you don’t employ staff and you’re unlikely to go into debt, this could be the ideal business structure for you. Why Do I Need to Register? The government requires you to…

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Find A Lost National Insurance Number

If you live in the UK, you should automatically get a National Insurance (NI) number just before your 16th birthday. HM Revenue & Customs no longer issues plastic NI cards. If you have lost or forgotten your NI number, you can find it on your payslip, P60, or any letters sent to you by HMRC…

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Thinking Of Forming A Limited Company?

Here, we highlight 10 of the biggest benefits a limited company gives you over working as self-employed; Starting up as a sole trader is without doubt the simplest way to start a business in the UK. All you need to do is inform HMRC that you are working as ‘self employed’, and account for your business…

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