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Gig economy workers ‘need simpler tax system from HMRC’

Self-employed people, particularly those in new online sectors, submit a tax return each year but many would prefer to pay more regularly. Government tax advisers are consulting the self-employed on modernising the system to reflect new ways of working. The Office of Tax Simplification, an independent division of the Treasury, is reviewing tax reporting and payment arrangements amid concerns that …

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Expenses you can claim

  Overview Office, property and equipment Car, van and travel expenses Clothing expenses Legal and financial costs Marketing, entertainment and subscriptions How to claim Overview If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses. Example: Your turnover is £40,000, and …

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Mileage Allowance Vs Actual Costs

                Having been asked by a few of our users “Which is the best method for calculating their accounts, mileage allowance or actual costs?”, we’ve put together this blog post to help you. The first thing you should know is there is no universal “one size fits all” answer.  Circumstances vary from one …

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Thanks Google!

Reports that Google is testing a new Google Maps safety feature that will warn passengers when a taxi/PH driver deviates from its route are true. The feature that is currently being tested in India, but expected to be rolled out internationally, will alert the passenger if your car or taxi deviates from its route by more than 500 meters (0.3 …