In the UK, gifts to customers are generally not tax deductible unless they meet certain criteria. According to HM Revenue and Customs (HMRC), gifts to customers are considered taxable business expenses if they meet the following conditions: Learn how to get a Government Gateway ID If a gift to a Read more…
As a contractor or consultant in the United Kingdom, you’re responsible for getting paid for the work you do. This means that you’ll need to manage your own invoicing and payments, rather than having an employer handle these things for you. In this article, we’ll go over some of the Read more…
Business bank accounts are a crucial tool for any company, allowing businesses to manage their finances and make payments easily and securely. In the UK, there are several options available for business bank accounts, each with their own unique features and benefits. Project management tools that help businesses organize Two Read more…
Artificial intelligence (AI) software, like the language model Chat GPT, has the potential to revolutionize how people make money online. Through platforms like Fiverr and Upwork, freelancers and businesses can leverage the power of AI to create unique and valuable content, streamline their workflows, and improve their overall productivity. One Read more…
As self-employed individuals in the UK, you are responsible for paying your own taxes. However, the good news is that there are tax deductions you can claim to reduce your taxable income and pay less tax. Claiming tax deductions can be confusing, especially for those who are self-employed for the Read more…
Adding an accountant to your Xero account is a simple process that can save you time and ensure that your financial information is being managed by a professional. Here’s how to do it: Xero Vs QuickBooks – Top 5 Things to Consider When Taking Control and make the right decision Read more…