Published on February 19, 2021
There are many ways you can begin your business journey and setting up as a sole trader is one of those options. Here we touch on the fundamentals of a sole trader and look at the registration process.
Published on February 16, 2021
As part of our guide to becoming a sole trader, we weigh up the options between a sole trader and limited company to help you decide what it is best for your current situation.
Published on February 12, 2021
Sole traders are usually liable for Income Tax and National Insurance Contributions (NIC) which are calculated on HMRC’s Self Assessment and are based on on taxable profit thresholds.
Published on February 9, 2021
When you submit your Self-Assessment you can enter your business expenses to offset your income, but they must relate to the allowable expenses set out by HMRC.
Published on February 5, 2021
Professional indemnity insurance and public liability insurance, we’re breaking it down as it is often overlooked!
Published on February 3, 2021
If you’re a director, we have the perfect solution for your tax returns next year and able to do the same for you!
Published on January 17, 2021
Something most of us probably do not plan for and have limited knowledge on, inheritance tax is a tax on the estate (property, money and possessions) of someone who has died.
Published on January 1, 2021
Thinking of registering for VAT for your business? We at MTD are Making Tax Digital HMRC recognised and are here to help you understand the full picture behind reclaiming the VAT from your purchases and the compliances involved.
Published on December 31, 2020
Have you registered with Companies house as a Limited Company?
The next step now is to register for Corporate Tax. Read on to find out more!
Published on December 28, 2020
As your online accountant, it is imperative that we are able to speak to HMRC and Companies House on your behalf and have access to your online records and web-filing tax accounts where necessary. Lets take a look at the various HMRC Authorisation Codes to get us set up as your accountant.