How to register an LLP for VAT in the UK?
With the structural flexibility and limited liability protection, an LLP is an ideal choice for individuals seeking to form a partnership with the financial liability
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How to File the LLP Confirmation Statement in the UK?
The entrepreneurs pursue the combined benefits of a traditional partnership with the limited liability of a company, and the business structure of a Limited Liability
Under the Umbrella
Workers who have undertaken work arranged by an employment agency may have found themselves working for an umbrella company. Generally, the recruitment agency would employ
Auf Wiedersehen, PET!
Those of a certain vintage will remember ‘Auf Wiedersehen, Pet’, a comedy series from the 1980s. Of course, a PET (potentially exempt transfer) in an
How do LLP Members Get Paid in the UK? Learn the essentials.
In the UK, a Limited Liability Partnership (LLP) offers a hybrid business structure to entrepreneurs that merges the flexibility of a traditional partnership with the
Explaining How to Remove a Partner from LLP in the UK
For the entrepreneurs prioritising flexibility in a business structure, Limited Liability Partnerships (LLPs) are a choice as good as it gets. Thus, to make things
How to Report Foreign Rental Income when Self-Employed?
In the UK, a self-employed individual who receives rental income from an overseas property is liable to pay tax on their overseas properties. To clarify,
Potentially A Lot of Interest in Instalments!
The changes to agricultural property relief (APR) and business property relief (BPR) announced in the Autumn Budget 2024 by Rachel Reeves mean that, for the
VAT Number: Keep or Let Go?
You can transfer a VAT registration number if there’s a change of business ownership or legal status. For example, if: you take over a company
How to Correct Errors in a Self-Assessment Tax Return?
Similar to any other business structure, self-employed individuals are not immune to fulfilling their tax obligation, regardless of how much authority, control, and autonomy they
What can I Claim for Self-Employed Working from Home?
Self-employed individuals are those who relinquish the nine-to-five traditional office job to ride solo. In addition to the multi-faceted benefits accompanying self-employment, working from home
Offside! Famous Footballer Falls Foul of IR35 Rules
Football supporters of a certain age will be familiar with the name of Bryan Robson, particularly the important part he played between 1981 and 1994
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