Tax deadlines and self-assessments: what does HMRC consider a ‘reasonable excuse’?

This time last year we looked at 10 excuses that HMRC hear most commonly when it comes to self-assessment deadlines. This year we thought it might be worth looking at what HMRC considers a ‘reasonable excuse’.  Read More

Startup stories: Making batteries great again!

We love a good startup story here at My Accountant Friend, especially when it’s a success story involving one of our own MAFters. This week we’re delighted to be chatting to Amrit Chandan, the co-founder of Aceleron. Already named as one of Forbes Under 30, Amrit and his team is spearheading the drive to “make batteries great again”. In other words, they’ve worked out ways to recycle lithium ion batteries and use them to provide electrical storage to people in limited situations. It’s one of those inspiring stories you hear about relatively often, without realising that it’s taking place right here under your nose. Read More

Why we’re advocated against extending IR35 legislation to the private sector

Earlier this week we shared a petition against extending IR35 legislation to the private sector. If that sounds like a load of accountancy jargon to you, we understand. However, there’s a big chance that the changes that the government are hinting at will have a major effect on your life as a self-employed person. To get a better handle on what this might mean, we sat down with Rachel Whitman of My Accountant Friend to find out more.  Read More

The freelancer’s guide to business receipts

Business receipts have a complicated place in the hearts of most people new to self-employment. That moment when you first register your company, head into a shop and put something ‘through the business’ – it’s an exciting time for everyone. It makes you feel proud of yourself, not to mention a little as though you’re getting something for free (you’re not – sorry!) All of that subsides rather quickly, however, and business receipts – and what to do with them – have a tendency to become quite a chore over time.  Read More

The freelance life in numbers – what freelancers worry about before taking the leap

As you’ll see if you take a look around our website, we’re fairly passionate about the freelance lifestyle. Whether you’re a creative freelancer, a project manager, a contractor or a small business owner, we love keeping you well-informed on ways to make the most of your chosen way to make a living.  Read More

That iPhone X looks pretty sweet – can I put it through my company?

It’s that time of the year when the shops start flooding with new gadgets in time for the Christmas market. Tempting, aren’t they? But before you go rushing off and buying one on your company’s accounts, it’s worth knowing a little about what you can and can’t set against your taxes. Once again, we asked the legendary Kenny Fitzgerald of online accountants, My Accountant Friend, to find out how it all works.  Read More

Christmas allowance for UK freelancers and contractors – what’s that all about, Kenny?

Forgive us for doing this to you so early in the year. It’s barely October and we’re already wafting the mistletoe around (believe us – it’s all we could do to keep Kenny from donning his Santa beard). But it’s always worth planning ahead, isn’t it? And when there’s a nice bit of tax-friendly Christmas cheer to be had, well you might as well get stuck right in. Read More

Is the taxman becoming more vigilant? Here’s how to avoid suspicion

Recent reports suggest that HMRC may be increasing its activities in its enforcement of VAT rules. The suggestion seems to be that HMRC’s ‘HETs’ (Hidden Economy Teams – set up to look into people evading, among other things, value added tax) have become extra vigilant – the Freelance:UK website says that, “in the first half of this year, the number of freelance contractors claiming on their fee protection insurance rose annually by 17% – and 39% of these were VAT-related.” Read More

Tips on getting your client to pay up

Forgive us if you feel you’ve heard this all before, but freelancers working unpaid is squarely back in the news. The Creative Industries Federation reports that 8 out of 10 freelancers admit that working for free is “the norm”, with many feeling they have to do it to bolster their reputation and their portfolio.  Read More

Remaining tax deadlines 2017: stick them in the diary

With the summer slowly drawing to a close, we thought it’d be a good time to make sure you’re aware of all the important tax deadlines remaining between now and the end of January, 2018. MAF customers will, of course, be notified in good time and we’ll be helping you to fill out all the important paperwork. In the meantime, here are a few things worth remembering.  Read More

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