Managing your Taxes

Tips on how to manage your taxes

14 articles in this collection
Written by Adam Goodall, Eva, and Steff

Adding extra income and expenses

If you have transactions from before you started using Coconut, you can add these in your Tax Profile

Written by Eva
Updated over a week ago

Director’s loans, what are they?

What if you take funds out your company that is not salary, dividends or reimbursement of expenses.

Written by Steff
Updated over a week ago

Understanding what count as business income

Working out what to include as income for your self-employed tax return

Written by Adam Goodall
Updated over a week ago

Cash vs. Accruals Basis

Exploring the differences between recording income on a 'cash' or 'accrual' basis

Written by Steff
Updated over a week ago

Claiming Expenses

Learn what expenses are allowable when you're claiming for tax

Written by Adam Goodall
Updated over a week ago

Registering as self-employed

When you need to register, and how to go about it.

Written by Adam Goodall
Updated over a week ago

Personal Tax for Sole Traders

Your tax estimate

Guidance about Coconut's tax estimate for self-employed sole traders

Written by Adam Goodall
Updated over a week ago

Handling my employment income

Get paid by an employer through PAYE? Here's how to handle this in Coconut

Written by Adam Goodall
Updated over a week ago

Preparing for your tax return

How to get ready to use Coconut to submit your tax return

Written by Adam Goodall
Updated over a week ago

"Rent a Room" Scheme

Information about the tax free allowance if you rent a room in your home.

Written by Adam Goodall
Updated over a week ago

Personal tax

As a sole trader, you'll calculate your Income Tax and National Insurance owed each year

Written by Adam Goodall
Updated over a week ago

Paying my tax bill to HMRC

Pay by bank transfer, Direct Debit or card.

Written by Adam Goodall
Updated over a week ago

The £1000 trading allowance

If your expenses are less than £1k for the year, you can use this allowance instead.

Written by Adam Goodall
Updated over a week ago

Limited Company Tax

The limited company corporation tax estimate

It's based on your income and allowable expenses for your financial year.

Written by Adam Goodall
Updated over a week ago