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.…
Tax Guides
Tax guides, deductions, and compliance for freelancers and small businesses across US, UK, Canada, and Australia.
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…
HMRC Subsistence Allowance: Meal and Travel Expense Rules
Claiming meal and subsistence expenses in the UK is more restrictive than in many other countries. HMRC applies strict rules…
IRS Mileage Rate 2026: What Self-Employed Need to Know
The IRS mileage rate for 2026 is 72.5 cents per mile for business driving - up 2.5 cents from 2025.…
VAT Record Keeping Requirements: Invoice Types and Documentation Rules
If your business is VAT-registered, HMRC requires you to keep detailed records of all VAT charged and paid. The rules…
IRS Mileage Log Requirements: What Records You Need to Keep
The IRS doesn’t just want to know how many miles you drove. They want to know when you drove, where…
HMRC Record Keeping Requirements: What Receipts to Keep and For How Long
HMRC requires every self-employed individual, sole trader, and business in the UK to keep adequate records of their income and…
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…
Does the IRS Accept Digital Receipts? What Rev. Proc. 97-22 Means for Your Records
The IRS has accepted digital receipts since 1997 under Revenue Procedure 97-22. Learn exactly what makes a digital receipt IRS-compliant,…