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 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 December 6, 2020
Once we’re into the new tax year, it’s only a matter of time until you need to retrieve your old invoices and expenses, dig out your bank statements and calculate how much you owe HMRC. Find out how MTD can help with your Self Assessment returns.