Managing your Taxes

Tips on how to manage your taxes

+1

14 articles in this collection
Written by Adam Goodall, Eva, Steff and 1 other

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 James Trowell
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