Dave Hazlehurst, Author at Cutter & Co

Expenses for the self-employed

Posted by Dave Hazlehurst, on January 24, 2020.

When you are self-employed, you only need to pay taxes on your profit. This means that any operating expenses can be subtracted from your turnover to work out your taxable profit. However, this doesn’t mean you can claim everything as a business expense. HMRC has clear rules on ‘allowable expenses’, and it’s important to understand […]

Do I need an accountant as a small business or sole trader?

Posted by Dave Hazlehurst, on October 20, 2019.

As a small business, sole trader or freelancer, you are not required by law to have an accountant or bookkeeper. With the increasing popularity of cloud-based accountancy software such as Sage, QuickBooks, and Xero, keeping track of your income, expenditure and submitting your annual tax return has never been easier. So, as a small business, sole […]

First national successful MTD Income Tax submission

Posted by Dave Hazlehurst, on October 18, 2019.

Just under a year ago Cutter & Co became the first firm nationally to submit a VAT return under the new making tax digital regulations using Sage Business Cloud Accounting software. HMRCs making tax digital regime became mandatory for VAT return submissions for the period starting after March 2019. HMRC plan to roll out the […]