Sole trader vs limited company for side hustles – Which is the most tax-efficient?
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.
Can your business afford the team you need to deliver growth?
To say that the UK economy is a bit of a mixed bag at the moment is something of an understatement, as the disparity between different businesses is resulting in an odd pattern emerging.
Why is keeping business and personal finances separate so important?
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
The dangers of using AI for tax advice
AI is something that we cannot escape, as it is built into nearly everything that people use on a day-to-day basis.
First Making Tax Digital deadline looms – 400,000 people still yet to register
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up.
Tax cuts on pubs: Burnham backing British businesses
Recent headlines have made it no secret that owning a pub, club or music venue is hard. With rising costs, it has been estimated that one in eight pubs is in severe financial distress.
Traumatic or trustworthy – Is HMRC doing enough to support taxpayers?
Taxpayers need to know how to comply with changing rules and many find themselves reaching out to HMRC for support and guidance.
Traumatic or trustworthy – Is HMRC doing enough to support taxpayers?
Taxpayers need to know how to comply with changing rules and many find themselves reaching out to HMRC for support and guidance.
HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments
HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would affect millions of UK businesses.
Paying tax as you earn it: The proposal that could reshape Self Assessment
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 lands the following January.