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
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
As a self-employed or a freelancer, you can lower your tax bill by claiming self assessment expenses. These are the costs you pay to run
If your limited company is profitable, the way you take money out matters as much as how much you take: salary, dividends, and pension contributions
Making Tax Digital (MTD) is the UK government’s big push to drag tax reporting into the 21st century. Instead of keeping paper records or spreadsheets,
Making Tax Digital for landlords is a government initiative aimed at modernising the UK tax system – shifting it from annual returns to a more
Making Tax Digital for Income Tax is HMRC’s push to move self-employed individuals and landlords with over £50,000 in annual income onto a fully digital
The MTD threshold is based on your gross income from self-employment and property combined — not your profit — so you may be in scope
Quarterly reporting under MTD is not a quarterly tax payment: it’s a running summary of income and expenses sent to HMRC four times a year,
