Accounting Blog

Selling services through online platforms comes with tax responsibilities. This guide explains why platform income is taxable, how employee vs self-employed status affects you, what counts as income, key deductions, VAT/GST issues, recordkeeping tips, and common mistakes—helping freelancers and gig workers stay compliant.

Learn what “very small income” means for business accounts and how to prepare simple, defensible year-end records. This guide covers cash vs accrual, organizing receipts, separating personal and business spending, building a basic profit-and-loss, handling common expenses, reconciling bank activity, and avoiding micro-business accounting mistakes.

Can you claim business design and branding costs on your taxes? This guide explains when logos, websites, marketing design, and brand strategy are deductible, when they’re treated as capital expenditure, how to handle mixed-use and startup costs, and what records to keep to claim confidently under current tax rules worldwide.

Learn how affiliate marketing income really works, from tracking payouts and expenses to managing cash flow, taxes, disclosures, and cross-border earnings. This practical guide shows affiliates how to separate finances, stay compliant, avoid common mistakes, and build a simple system that scales from side income to full-time business success growth.

Can you claim domain names and web hosting as business expenses? This practical guide explains when these costs are deductible, how tax treatment differs for hosting versus premium domains, how to handle mixed personal use, pre-trading costs, and common mistakes to avoid when recording website-related expenses.

Learn how to record income for gift cards and vouchers correctly. This guide explains deferred revenue, redemption timing, breakage, discounts, refunds, and third-party platforms. Avoid overstated sales, tax errors, and messy reconciliations by following clear, practical accounting entries for gift cards, vouchers, and prepaid services in small businesses worldwide today.

Seasonal businesses need bookkeeping systems that handle peak rushes and quiet off-seasons. This guide explains essential records to keep, from sales and expenses to inventory, payroll, taxes, and cash flow. Learn how organized bookkeeping improves profitability, compliance, financing, and planning for stronger, less stressful seasons year after year for growth.

Self-employed in the UK and confused by tax codes? This guide explains how HMRC tax codes affect freelancers with PAYE income, CIS work or coded-out bills. Learn the warning signs of a wrong code, cashflow risks, and practical steps to fix errors and protect your finances as your business grows.

Learn how to record irregular lump sum income clearly and consistently. This guide explains cash versus accrual methods, tracking deposits, partial payments, fees, and multi-currency income. Build a simple system for budgeting, bookkeeping, and taxes so unpredictable payments become organized, reconcilable, and stress free for freelancers, contractors, and small businesses.