Limited Company or Sole Trader: Which is Right for You?
Limited Company or Sole Trader: Which is Right for You? I often get asked by my clients, ‘Should I be a limited company or a sole trader? Which would be better for my company? In this article, I will outline some of the pros and cons of each status to help you make...
Basis Period Reform
What is Basis Period Reform? Basis Period Reform ONLY affects sole traders and partnerships that have a year end other than 31st March-5th April. If this does not apply to you then these changes will not apply to you either. Introduction Basis Period Reform was...
How Do I Pay My Tax?
One question I often get asked is ‘How Do I Pay My Tax?’ To answer this, I have done a summary of the major taxes and how to pay them. 1. Corporation Tax On the anniversary of your year end, you will have received a notification from HMRC to file a Corporation...