Getting Started with HMRClever

Welcome to HMRClever! Follow these steps to set up your financial profile and start tracking your tax position.

Step 1: Add Your Income

Start by recording your income sources on the Dashboard or Transactions page.

1. Click "Add Income" or use the income entry form on the dashboard
2. Select the income type (employment, self-employment, dividends, etc.)
3. Enter the amount and date
4. Your tax calculation updates immediately

Step 2: Track Your Accounts

Add your financial accounts on the Accounts page to see your net worth.

1. Add savings accounts, ISAs, and investments (assets)
2. Add mortgages, loans, and credit cards (liabilities)
3. Your net worth shows assets minus liabilities

Step 3: Set Up Budgets

Create monthly spending targets on the Budgets page.

1. Click "Add Budget"
2. Choose a category (groceries, entertainment, etc.)
3. Set your monthly target amount
4. Track your progress as you add expenses

Step 4: Mark Business Expenses (Self-Employed)

If you have self-employment income, mark business expenses to reduce your tax.

1. When adding an expense, toggle "Business Expense"
2. Set the business use percentage (100% if fully business)
3. Select the HMRC category
4. Your tax calculation automatically adjusts

Step 5: Plan for Retirement

Set your retirement goals on the Retirement page.

1. Enter your current age and target retirement age
2. Set your target pot value
3. View your projected trajectory based on assumed growth

Tips for Success

• Update regularly: Add income and expenses as they occur for accurate tracking
• Check your dashboard: The dashboard shows your tax position and any warnings
• Read the guidance: Visit the Guidance section for tax tips relevant to your situation
• Upload receipts: For business expenses, upload receipts for HMRC record-keeping

Need Help?

Check the FAQ for answers to common questions, or hover over any "?" icon for contextual help.