fbpx

Stewart Accounting Blogs

Claim Flat Rate Expenses

Claim flat rate expenses for work clothing and tools

If you use your own money to buy items for work, you may be eligible to claim tax relief as long as the items are essential for your job and are used solely for work purposes.

Flat rate expenses

National Insurance Credits and Child Benefit

National Insurance credits and Child Benefit

Claiming Child Benefit can provide an important benefit by granting National Insurance credits.

If you claim Child Benefit and your child is under 12, you will automatically receive National

Taxable vs Tax-Free State Benefits

Taxable & tax-free state benefits

While there are many state benefits available, it is not always clear which of these are taxable and which are tax-free.

HMRC’s guidance outlines the following list of the most common state benefits

Demerger

What is a demerger?

A demerger involves splitting the trading activities of a single company or group into two or more independent entities. This can be facilitated by distributing the assets of a holding company to its

Christmas Crafters and Tax

Christmas crafters and tax

If you earn fees or sell goods as a side hustle, you may need to pay tax on your profits.

HMRC has launched a new press release encouraging Christmas crafters and anyone with a fee earning hobby to

MTD Qualifying Income

MTD – qualifying income

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you are self-employed or a landlord and have over £50,000 in qualifying income you need to start

Welcome to Our Blog

Welcomea to Our Blog