Understanding Basic Period Reform and How it May Affect YouThe term ‘Basis period reform’ involves changes to the rules governing the determination of the accounting period for which income is assessed and taxed. It relates to the timeframe used to calculate taxable...
A Step-by-Step Guide to Setting Up a Limited Company Are you ready to take your business to the next level? Setting up a limited company can provide numerous benefits, including limited liability protection and potential tax advantages. If you are...
Sole Traders – How to get started! The trade industry is an ever- evolving sector with ample opportunities for individuals looking to launch their own businesses. Trades cover a wide range of fields including plumbing, electrics, carpentry, painting and...
When should I do my Tax Return? Firstly let’s see if you need to submit a Tax Return. If you are self employed as a sole trader or if you are a partner in a business partnership and have earned more than £1000 before any expenses have been taken into consideration,...