How much can you claim per mile?

How much can I claim per mile? HM Revenue and Customs sets the mileage rate for claiming business use of a personal vehicle on a tax return. The current rate for 2021-2022 is 45 pence per mile for the first 10,000 miles and 25 pence per mile for any additional miles. The rate applies to…

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Why Do You Need An Accountant For Your Limited Company?

Why do you need an accountant in the UK? Starting a business can be an exciting time, but with the thrill of starting something new also comes the responsibilities of running a company. One of the most important decisions you’ll make for your business is choosing the right team to support you. That team will…

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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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TaxRefundsRUs launches its new CIS tax calculator

TaxRefundsRUs is delighted to announce the launch of its CIS tax calculator. The easy to use calculator helps users to work out how much tax they could be owed by HMRC. You just need to click on the orange “Calculate Your Refund” box, adjust the sliders and select your tax rate. Turnover The first slider…

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TaxRefundsRUs launches cash advance scheme

TaxRefundsRUs is delighted to announce the launch of its cash advance scheme that allows its clients to claim their tax returns before the end of the tax year. The scheme relies on clients to provide their business income and expenses records from the current financial year. TaxRefundsRUs can then calculate their tax refund to date…

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