Resources

Taxevo’s tips on how to save money as a freelancer
Blog
When you’re busy freelancing and focusing on bringing the money in, you might not be aware of things you’re doing (or not doing) that could mean the money is then slipping back out. In this blog we look at the top ways in which you can save money as a freelancer. Time is money Being self-employed means that every second of yours is precious, and if a client wants any of that time then they [...]
How to challenge your client’s IR35 status determination
Blog
From April this year, the way in which both private and public contract IR35 statuses are determined will be exactly the same. The rules for how they’re determined won’t change, but the person in charge of that decision will. In this blog we re-examine what’s changing, and how to go about challenging a client / end-hirer’s decision if you feel your status has been incorrectly determined. It’s up to the end-hirer / client It’s now [...]
Working from home? What expenses can you claim?
Blog
Since the start of COVID-19 working from home has gone from being a bit of a taboo subject to the norm, with many (if not all of us) now working from home. So you’re going to start to incur some costs, but as a freelancer or contractor, are any of them claimable? In this blog we reveal what you can and can’t claim for, and why if you’re unsure it’s always best to check with [...]
Guide to the VAT flat rate scheme
Resources
The VAT flat rate scheme is a simplified method to account for VAT charged to your clients. You only pay a fixed rate of VAT to HMRC and you keep the difference between what you charge your clients and pay to HMRC. You do not reclaim the VAT on your purchases, except for certain capital assets over £2,000. How can I join the VAT flat rate scheme? To join the scheme your VAT turnover must [...]
Guide to use of home as office
Resources
It is likely your permanent workplace will be your home and as such you can make a claim for using your home as your office. It may be that you complete fee earning work from home or simply just take care of company administration and bookkeeping. Either way you should charge your company for the use of your home. The standard fixed rate HMRC have a fixed rate of £4 per week to cover the [...]
Guide to the Cycle to Work Scheme
Resources
As an employer, you can easily implement a tax exempt loan scheme for employees. To qualify for the tax exemption, the loan of bicycles and safety equipment must be available to all employees. What's the scheme all about? Employers who purchase bicycles and safety equipment for loan to employees (up to £1,000) can benefit from treating the purchase as capital expenditure eligible for corporation tax relief. VAT can also be claimed back on the purchase [...]
Guide to the 24 month rule
Resources
As a contractor, the likelihood is that your workplace is deemed to be "temporary". If that is the case, you can claim travel and subsistence expenses during your time working at that location. How can I claim travel and subsistence expenses? You are able to claim travel and subsistence expenses if your contract is for less than 24 months.   What is the 24 month rule? Your workplace ceases to be a temporary workplace when [...]
Guide to pensions and automatic enrolment
Resources
To comply with the Pensions Act 2008, employers must operate a workplace pensions scheme and contribute towards it. This is known as automatic enrolment. If you employ at least one person, you have certain legal duties. Does automatic enrolment apply to me? Your legal duties for automatic enrolment begin on the day your first employee starts work. 1 Has a right to join a pension scheme If they ask you to, you must provide a pension [...]
Guide to onshore agency reporting requirements
Resources
There is a requirement for all employment intermediaries and agencies to report details about their contractors on a quarterly basis. What's it all about? HMRC will require the following information: Full name National Insurance number (if no date of birth and gender provided) Address Date of birth (if not providing National Insurance number) Gender (if not providing National Insurance number) Passport number or ID card number (if not a UK citizen) Reason why income tax [...]
Guide to conduct of employment agencies
Resources
What’s it all about? Introduced in 2004 to provide a framework for the minimum standards contractors should expect from recruitment agencies, the conduct of employment agencies regulations are aimed at the temporary workforce and those that are controlled by the end client. Most contractors are businesses in their own right and sit outside of the regulations. There will be a requirement for contractors to opt in or opt out of the regulations. Opting in will [...]