Everything you should know before becoming a sole trader

Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make.

Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make.

There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns…

As a business grows, its accounting needs become more complex and time-consuming.

When it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done.

In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.

Most businesses are already using cloud accounting software to manage their finances. However, not all of them are taking full advantage of automated processes to streamline their accounting process.

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.

HMRC plans to expand the availability of cash basis accounts preparation, but will it win over businesses from the traditional accruals basis? The cash basis can currently only be used if a business’s annual turnover doesn’t exceed £150,000, so one…

Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial in the long run.

In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT registration from 13 November 2023.