Tax and accounting are often not welcome tasks for photographers, who invariably prefer spending their time being creative. It often becomes the last task on the list and subsequently there can be some pressure around deadlines if things are left until the last minute. Fortunately, help is available and technology allows for an easier ride these days. Find out tips for completing your tax in a hassle-free way.

The 2017 general election, called just a matter of weeks ago by Conservative party leader Teresa May, is just days away. The polls are suggesting that the initial Tories lead has diminished as the gap closes, making the result unpredictable. If there isn't a clear victory then a hung parliament will certainly require compromise and trade-offs regarding the differing opinions of each party. Here we look at the main tax related points from each manifesto.

With the change from one tax year to the next comes a range of different tax rates, allowances and thresholds that can change the way in which you manage your taxes. A company director is typically paid a salary from the limited company, which is calculated very specifically to maximise tax-efficiency. Should you therefore increase or decrease your salary in this new tax year?

It is natural for friends and family to want the best for you, and quite often they take the opportunity to give advice based on their own circumstances. Once upon a time incorporation was, more often than not, the sensible option for a business once it's profits reached a certain level. However, in recent years changes to tax legislation means that many of the tax breaks no longer exist. Are there any remaining related tax benefits?

If you use a car for legitimate business journeys then you are able to claim related motor expenses against your business profits, which will help reduce your overall tax bill. There are a couple of methods for doing this. One is to claim back the business related percentage of your total costs. The other is to complete a business mileage claim. Here we compare the two methods and provide a free tool to record your mileage. 

The government are soon to double the amount of free childcare available to eligible families. The childcare entitlement applies for children aged three and four, as well as most disadvantaged two-year olds. This initiative is to incentivise parents to return to work, or increase their working hours and not feel the pressure of having to support additional childcare costs.
0
Connecting
Please wait...
Send a message

Sorry, we aren't online at the moment. Leave a message.

Your name
* Email
* Describe your issue
Login now

Need more help? Save time by starting your support request online.

Your name
* Email
* Leave a message
We're online!
Feedback

Help us help you better! Feel free to leave us any additional feedback.

How do you rate our support?