You can form a limited company via Companies House for just £12. However, you may prefer to pay an intermediary to do this – which will increase the cost.
Companies House is implementing sweeping reforms to clamp down on financial crime and improve corporate transparency. How are limited companies affected?
If you start a business as a sole trader, you need to set up an accounting system to record your income and expenses, and work out how much tax to pay.
Corporation Tax rates increased from April 2023. We look at how the new tax regime works, and how much more tax small companies now have to pay.
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 National Insurance works for small businesses – Class 1 for limited companies, and Class 2 & 4 if you’re a sole trader or member of a partnership.