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When working as a self-employed, it is commonplace to get immersed in the day-to-day challenges of your business since you need to
There are many factors to consider when deciding whether to run a business as a sole trader or via a limited company,
Businesses often have areas of uncertainty and write to HMRC to clarify the position; mostly, HMRC just refers the business to their
Whether you decide to go solo as a contractor, freelancer or run a limited company, there are unarguably multiple pros of being
In the UK, paying taxes on taxable income is almost inescapable since HMRC (the government’s main department responsible for collecting taxes) has
Being self-employed in the UK offers plenty of perks to individuals, including flexibility of schedule, financial independence, and autonomy in decision-making. However,
As the days start to lengthen and the end of the tax year (5 April) approaches, it is a good time to
I t is not uncommon for the self-employed to enlist a family member (e.g., offspring studying at university and earning spending money
Value Added Tax (VAT) is a crucial part of the UK tax system, and it impacts self-employed individuals since they are obliged
Of all the business-related responsibilities you have, irrespective of what type of self-employed you are, VAT is an inescapable obligation. Notably, the
When an individual chooses to work for themselves instead of working for a specific employer, they are associated with self-employment. The prime
At its core, being self-employed means working for yourself as a freelancer or a business owner instead of working for an employer.
With limited companies, business profits belong to that company as a separate legal person and are subject to corporation tax on them;
If you have grown mentally and physically exhausted from the boredom of your regular job and thinking of leaving it to become
A director position is crucial in a limited company, for they are responsible for governing the company’s day-to-day operations and ensuring that
Business owners in the UK set up a limited company owing to its multiple benefits, including separate legal standing and limited liability
Since the start of the Covid pandemic in March 2020, the number of people working from home in the UK has increased.
A limited company is a business structure in which the company stands distinct or separate from its owners. It is financially autonomous
In the Autumn Budget on 30 October 2024, Rachel Reeves made some significant changes to capital gains tax (CGT). The main purpose
Directors play an essential role in the day-to-day tasks management and success of a private limited company. Appointing the right individuals as
Shareholders in a limited company hold the position of its owners, as their ownership percentage depends on the number and value of
Running a limited company efficiently and diligently can only become possible if there’s an individual in charge of overseeing every small detail
Understanding the concept of limited company shares is highly crucial, for shares determine the ownership stakes of its members and how the
The ‘phoenixism’ anti-avoidance legislation in question at ITTOIA 2005, s 396B (‘Distributions in a winding-up’) is a curious animal in various ways.