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Self-Assessment – how do payments on account work?

Self assessment

When transitioning from PAYE employment to a self-employed role, one of the main changes you must become accustomed to is that tax will no longer be deducted at source. Therefore, you’ll need to set aside money to pay this in your tax return, which is where ‘payments on account’ come into play. James Foster, Senior … Read more

How to deal with mileage expense claims

mileage expenses

When you’re working as a contractor you’ll more than likely need to use your own vehicle for work travel at some point. Here we look at how you can claim fixed HMRC mileage costs – and which costs you cannot claim back. Read more