The Government has announced two further grants to support the self employed during Coronavirus. To qualify self employed individuals or members of a partnership must: have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants) Read more
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
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
It isn’t a legal requirement to have a business bank account but, unless you have just a few transactions a year, we’d recommend having a separate account for your writing income. Here’s why: And if you’re running your business through a limited company…? Definitely. The best way to think about Read more
Woohoo.. We’ve had our first review on our new Facebook site – and we’re delighted it’s a nice one. Thanks Oliver!
The Government has announced two grants for the self employed. Learn whether you qualify and what you need to do.
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
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.