ATO Cents Per Kilometre Rate 2026: How to Claim Vehicle Deductions
Sarah runs a graphic design business from her home in Brisbane. Every week she drives to client offices, picks up…
Tax Guides
Tax guides, deductions, and compliance for freelancers and small businesses across US, UK, Canada, and Australia.
Making Tax Digital for UK micro businesses: what you need to know (and when)
MTD for Income Tax is coming for UK micro businesses, find out when your income threshold applies, what quarterly updates…
What Is Schedule C? The Complete Guide for Self-Employed (2026)
Marcus picked up freelance web development last year. By January, he had six 1099-NEC forms, a folder of receipts on…
Independent Contractor Taxes: How They Work and What You Owe in 2026
Last year, a freelance graphic designer named Priya earned $68,000 from five different clients. Tax season hit, and she realized…
Self-Employed Tax Deductions Canada: What You Can Claim in 2026
As a self-employed Canadian, every legitimate business deduction reduces both your income tax and your CPP contributions. Unlike employees who…
Vehicle Expenses CRA: Log Book Requirements and Deduction Rules
If you use a vehicle for business in Canada, you can deduct a portion of your vehicle expenses on your…
Meal Expenses CRA: The 50% Rule and What You Can Deduct
Business meals in Canada are deductible - but only at 50% of the actual cost. This is one of the…
CRA Business Expense Categories: Complete Guide to Form T2125
Form T2125 (Statement of Business or Professional Activities) is where Canadian self-employed individuals, freelancers, and sole proprietors report their business…
GST/HST Input Tax Credits: Documentation Requirements Explained
If your business is registered for GST/HST, you can recover the tax you paid on business purchases by claiming input…
Digital Receipts and the CRA: Electronic Record Keeping Rules
The CRA fully accepts digital receipts and electronically stored records for tax purposes - you do not need to keep…
Making Tax Digital 2026: Complete Guide for Self-Employed and Small Businesses
Making Tax Digital (MTD) is the biggest change to the UK tax system in a generation. Starting from 6 April…
Making Tax Digital for Self-Employed: What You Need to Do Before April 2026
If you are self-employed in the UK with gross income over £50,000, Making Tax Digital for Income Tax starts on…