Accounting Blog

Multiple small freelance gigs still count as taxable income. This guide explains how tax authorities treat combined gig earnings, employee vs self-employed rules, expenses, thresholds, recordkeeping, estimated payments, and common mistakes—helping freelancers manage taxes confidently, avoid surprises, and stay compliant even when income comes from many small sources worldwide rules.

This guide explains when backups, data recovery, and IT support count as business expenses for tax purposes. Learn what’s usually deductible, how to handle mixed personal use, the difference between repairs and upgrades, and what records to keep to support claims confidently.

If HMRC thinks your sole trader profits are too low, it can trigger enquiries or compliance checks. This guide explains why HMRC raises concerns, how they assess income and expenses, what evidence they expect, and practical steps to defend your figures, correct errors, and strengthen records for future protection.

Even with one or two clients, bookkeeping matters. Clear records protect you at tax time, prevent disputes, and show whether you’re actually profitable. This guide explains the minimum viable bookkeeping system, essential records to keep, and simple routines that reduce stress while keeping your small business compliant and confident organized.

Learn what “fees or commissions deducted at source” really mean for platform income. This guide explains gross versus net earnings, why platforms withhold fees, common mistakes, and how to record income, expenses, refunds, and taxes correctly so your bookkeeping, pricing, and tax reporting stay accurate and stress-free for freelancers everywhere.

Can you claim stock photos, fonts, and templates as business expenses? This practical guide explains what claiming expenses really means, how deductibility works, expense versus capital rules, mixed-use apportionment, licensing requirements, and record-keeping. Ideal for freelancers, agencies, creators, e-commerce businesses, and small companies navigating tax treatment of digital assets worldwide.

Filing a tax return with estimated figures can help you meet deadlines when final documents are missing, but it carries risks. This guide explains when estimates are acceptable, how tax authorities treat them, potential penalties, and how to correct returns safely to minimise interest, scrutiny, and compliance problems.

Learn how to record business income correctly when payments land in both personal and business accounts. This guide explains revenue versus transfers, owner draws, invoicing, cash versus accrual methods, and step-by-step workflows to avoid double-counting, stay tax-ready, and keep clean, defensible bookkeeping records for freelancers, founders, and small business owners.

Getting paid into both personal and business accounts doesn’t change what income is—but it can complicate your books. This guide explains how to record revenue correctly, avoid double-counting, handle transfers and owner draws, and build a clean workflow so mixed payments don’t derail your accounting or taxes long term planning.