July 1st, 2008 (7:00am) Imran Ali 6 Comments
With Gordon Brown’s fiscal reputation following Dubya’s own battered rep into a swirling black hole of oil prices and crunchy credit, it’s heartening to know that (sometimes) Her Majesty’s government can still do its subjects a few financial favours here in Blighty.
A couple of weeks ago, the UK’s tax authority - Her Majesty’s Revenue & Customs Service - announced a number of measures that may benefit Britain’s web workers, and more broadly, any Brits working from home.
Those working from home whom have a portion of their residence setup as a dedicated work area or office can claim that portion as a tax rebate. Also, they no longer have to pay capital gains tax on the sale of their home.
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February 20th, 2008 (2:00pm) Jason Harris 15 Comments
One our most valuable assets is our time. Come this time of year, one of the major time sinks in many of our lives is preparing and filing our taxes. As web workers, we have many factors to consider when it comes to our taxes such as: do we really qualify for a home office deduction, which tax tips are good to follow, and how to track and manage all our business expenses.
When we’re ready to file our taxes, we have three main options, 1) hiring a professional CPA to do it, 2) using TurboTax, or some other tax preparation software, or 3) braving the quick shops such as H&R Block. It appears more and more Americans are discovering online tax filing is a good way to go.
As a busy web worker, how do you manage your taxes? Do you find ease in handing them off to a professional, or does the do-it-yourselfer in you propel you to fire up TurboTax?
We look forward to a great discussion in the comments.
With Gordon Brown’s fiscal reputation following Dubya’s own battered rep into a swirling black hole of oil prices and crunchy credit, it’s heartening to know that (sometimes) Her Majesty’s government can still do its subjects a few financial favours here in Blighty.
