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Louise Ford

Tax

High Income Child Benefit Charge – what happens when you previously elected not to claim but your circumstances have changed?

The 20/21 tax year has been a difficult year financially for many due to the pandemic and you may have had unexpected changes to your household income.   If you haven’t been claiming Child Benefit payments, it’s worth checking whether you would have been entitled to Child Benefit payments for 20/21. Read more…

By Louise Ford, 2 years19 April 2021 ago
Tax

Tax relief at Christmas

The tax man isn’t always Scrooge when it comes to celebrating Christmas provided you’re running a limited company. Your company can pay for a Christmas party for your employees (including you if you are a director) for up to £150 per head. Here are some conditions: The £150 is not Read more…

By Louise Ford, 2 years5 December 2020 ago
Tax

I’m a self-employed writer and working from home – can I claim any expenses against my income for the use of my home?

As self-employed individual who works from home is entitled to claim any costs that are wholly and exclusively incurred for business.If you incur costs that have both a business and personal element you may claim a proportion of these costs. How much can I claim? Use the HMRC monthly fixed Read more…

By Louise Ford, 2 years5 August 2020 ago
Tax

I’m a writer and I’ve won a prize. Is it taxable?

This a question that we’re often asked. Unfortunately, as with so many tax questions, the answer isn’t a straight yes or no… it’s a maybe. There are many prizes and awards open to authors and other creatives and entering competitions or seeking awards is a normal part of these professions Read more…

By Louise Ford, 2 years5 August 2020 ago
Tax

Coronavirus – Self Employed Income Support Update for Writers

The Government has announced two grants for the self employed. Learn whether you qualify and what you need to do.

By Louise Ford, 3 years1 July 2020 ago
Tax

Creative Averaging for Authors

You may have heard about creative averaging for authors. The first question to ask is ‘why bother’? The idea behind creative averaging is to recognise that writing a book might actually take some time. During the time you’re writing a book you aren’t earning any money from it. Once it’s Read more…

By Louise Ford, 3 years21 June 2020 ago
Tax

Authors – New self-employment FAQs

Just starting out as a writer? Check out our tax FAQ’s

By Louise Ford, 3 years4 May 2020 ago
HMRC money
Tax

Sole trader writers – don’t get caught out by the 60% tax rate

Many people are completely unaware that we have a stealth tax in the UK which is 60%. If you are earning in the bracket £100,000 to £125,000 then you will be paying 60% tax on this £25,000 slice of income.

By Louise Ford, 3 years4 May 2020 ago
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Recent Posts
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