Sole trader vs limited company for side hustles – Which is the most tax-efficient?
With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision.
HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake
The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year set to have signed up and completed the filing.
Can your business afford the team you need to deliver growth?
To say that the UK economy is a bit of a mixed bag at the moment is something of an understatement, as the disparity between different businesses is resulting in an odd pattern emerging.
Why is keeping business and personal finances separate so important?
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
The dangers of using AI for tax advice
AI is something that we cannot escape, as it is built into nearly everything that people use on a day-to-day basis.
Santa hats in summer? Businesses should be starting to plan for Christmas
The barrage of heatwaves and dry weather may make a person feel as though summer will last forever, but Christmas will arrive in a few short months.
UK petrol prices set to reach their highest level of 2026 – What this could mean for SMEs?
Geopolitical tensions are set to push UK petrol prices to the highest level of the year, with the average cost reaching 160p per litre, according to RAC monitoring.
Late payments are crippling SMEs: How to mitigate the impact
It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day!
Gift Aid and Inheritance Tax relief – How helping charities can help your own finances
The ongoing economic challenges that face individuals and businesses alike are placing a greater strain on charities.
First Making Tax Digital deadline looms – 400,000 people still yet to register
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up.
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