For the newly self-employed/ director mumpreneur, or even those more experienced in business, it is often tricky trying to work out what expenses you can and can’t offset against the income you earn from your business when completing your self-assessment tax return or accounts. The general rule is that you can claim all expenses that [...]
Mumpreneurs – expenses we should be careful of claiming for tax
June 12, 2010 by 6 Comments
As cost conscious Mumpreneurs, we want to make sure we are claiming all the expenses we possibly can against our income to bring our tax bills down. However, it’s important not to claim the wrong expenses or you could pay the wrong amount of tax and there could be trouble with HMRC further down the [...]
The Benefits of having children?
April 17, 2010 by Leave a Comment
There are a number of benefits available to parents to provide financial assistance whilst you have a young family. This blog aims to explain Child Benefit, Home Responsibilities Protection, Child Tax Credits and Working Tax Credits in simple terms so you can see whether each one is what you thought it was, and whether it [...]
Mums working from home – what can you claim?
April 11, 2010 by 3 Comments
If you are a self-employed sole trader mumpreneur and use part of your home for business, you can offset certain utility expenses and mortgage interest against your income, but in order for these to be allowable expenses for your business, the bills must either be partly or wholly in your name. If the bills are [...]
10 Top Tax Tips : Mums in Business
March 27, 2010 by 1 Comment
Complete your accounts as soon as possible after year end so you are able to tell the Child Tax Credits team your income from self-employment by the 31 July deadline. Check whether any family members could be eligible for the “granny” tax credits which came into force from April 2011. If family members look after [...]
10 Tax Tips for Mumpreneur Directors
March 27, 2010 by Leave a Comment
10 Tax Tips for Mumpreneur Sole Traders
March 27, 2010 by 1 Comment
