How to Prepare for MTD for Income Tax in the UK
23 April 2026
MTD stands for Making Tax Digital. And as of things stand, you’ll need to prepare for MTD for income tax sooner or later. It’s a
MTD stands for Making Tax Digital. And as of things stand, you’ll need to prepare for MTD for income tax sooner or later. It’s a
Entrepreneurs’ Relief was renamed Business Asset Disposal Relief (BADR) in 2020 — the rate is now 18% for disposals made on or after 6 April
A social enterprise is a business that trades for a social or environmental purpose and reinvests most of its profits back into that mission. The
Deciding if an accountant is worth the investment usually comes down to two factors: the complexity of your income and the value of your time.
Being a sole trader means you can start trading immediately, keep all your post-tax profits, and run your business with minimal admin: no Companies House
As a sole trader you must keep records for at least 5 years after your Self Assessment deadline; as a limited company, at least 6
A limited company separates you legally from your business, lets you pay yourself through a mix of salary and dividends, and caps your personal liability.
If you’re starting a small business, one of your first choices is whether to operate as a sole trader vs limited company. Key Takeaways 1.
Incorporation is the name given to the creation of a corporate entity, or new limited company, that is separate from an individual (sole-trader). Key Takeaways
Changing from sole trader to limited company? It’s a big step, but if you’re already considering it, it might just be the right time for