How to set up in business as a partnership in 2024
How to set up and run a business partnership – including legal considerations, how to choose a name, register the partnership with HMRC and pay taxes.
How to register as self employed – the key steps
Once you decide to become self employed, you can start trading right away. Here we explain how to register for self assessment and other taxes.
10 essential tax tips for small business owners
Tax isn’t the most exciting part of running your own business, but it is an issue that you will have to tackle at some point.… Read More »10 essential tax tips for small business owners
What is a dormant limited company?
A dormant company is a standard limited company that doesn’t trade and has no accounting transactions. There are two main situations where owning a dormant limited company can be useful.
What is ‘turnover’ and how do you calculate it?
Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.
10 Value Added Tax (VAT) tips for small business owners
Here are 10 tips to help you keep on top of your VAT responsibilities as a small business owner. From choosing the right VAT scheme in the first place, to filing your quarterly returns on time.
What is a private limited company? Some key facts and figures
After the sole tradership, the limited company is the most popular trading structure in the UK. In this guide, we look at the key features of the private limited company – plus some interesting facts.
Is the 2024 self employed national insurance ‘cut’ genuine or not?
The Chancellor, Jeremy Hunt, has announced a National Insurance cut for the self employed from April 2024. The rate of Class 4 NICs will drop… Read More »Is the 2024 self employed national insurance ‘cut’ genuine or not?
SA302 – why do I need one, and how do I download mine from HMRC?
Whether you’re a sole trader or company director, you may have come across the term “SA302” at some point. Your SA302 is an HMRC document that you may need to produce to prove your income for a given tax year.
Do you have to register with Companies House if you’re a sole trader?
Companies House is the UK’s registrar of companies and the government agency responsible for incorporating and dissolving limited companies. If you’re setting up as a sole trader (i.e. self employed), do you have to register your business too?