Self-Employed National Insurance: Rates and Rules for 2026/27
As a self-employed person in the UK, you pay National Insurance contributions (NICs) alongside income tax. Understanding the different classes,…
Expense Tracking & Accounting Tips
Our blog is where we share tips, stories, and strategies to make managing receipts, expenses, and reports easier. Whether you’re a freelancer, entrepreneur, or small business owner, you’ll find practical advice to save time, cut stress, and stay in control.
Self-Employed Expenses UK: Complete List of Allowable Deductions
As a self-employed individual or sole trader in the UK, you can deduct allowable business expenses from your income before…
Working from Home Tax Relief UK: Flat Rate vs Actual Costs
If you work from home as a self-employed individual in the UK, you can claim tax relief on a portion…
Flat Rate Expenses HMRC: Simplified Expenses for Self-Employed
HMRC’s simplified expenses scheme lets self-employed individuals and partnerships use flat rates for certain costs instead of calculating actual expenses.…
Capital Allowances UK: Annual Investment Allowance and Writing Down Allowances
When you buy equipment, vehicles, machinery, or other assets for your business, you generally cannot deduct the full cost in…
CRA Receipt Requirements 2026: Complete Guide for Small Businesses
If you run a small business or work as a freelancer in Canada, keeping proper receipts is not optional -…
IRS Electronic Recordkeeping Rules: Building a Compliant Digital Tax System
Rev. Proc. 97-22 and 98-25 let businesses go fully paperless for tax records. Learn the IRS requirements for electronic recordkeeping…
Schedule C Receipt Requirements: What Self-Employed Filers Need to Document
Filing Schedule C? Every expense line requires documentation. Learn exactly which receipts you need for each Schedule C category, what…
IRS Per Diem Rates: How Fixed Allowances Simplify Business Travel Receipts
Per diem rates let you skip individual meal receipts during business travel. Learn how GSA per diem rates work, who…
Lost a Receipt? How to Reconstruct Missing Tax Documentation for the IRS
Lost receipts don't always mean lost deductions. Learn how to reconstruct missing tax documentation using the Cohan Rule, bank statements,…
How Long to Keep Receipts for Taxes: IRS Rules for Every Situation
The IRS requires you to keep receipts for 3 to 7 years depending on your situation — and sometimes indefinitely.…
Credit Card Statement vs Receipt: Which Does the IRS Accept for Tax Deductions?
Can a credit card statement replace a receipt for IRS tax deductions? Sometimes — but not for meals, travel, or…