With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision.
Sole trader vs limited company for side hustles – Which is the most tax-efficient? Read More »
The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year
HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake Read More »
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
Why is keeping business and personal finances separate so important? Read More »
HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would
HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments Read More »
Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it
Paying tax as you earn it: The proposal that could reshape Self Assessment Read More »
With the upcoming 7 August deadline, HMRC reports that it is still waiting for over half of those affected by Making Tax Digital (MTD) to
Following months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit
Small businesses could face publication of P&L accounts from 2028 – with a caveat Read More »
There are two things that are certain in this life: death and taxes. So why is it that you hear different tax advice from influencers,
Who can I trust for tax advice? Tax advisers and their new guidelines Read More »
If you provided any taxable benefits to employees or directors during the 2025/26 tax year, such as company cars, private medical insurance, beneficial loans, gym
P11D Deadline 2026: What employers need to do now Read More »
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