Changing from Sole Trader to Limited Company: What You Need to Know
15 April 2026
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
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
Like anything, you normally only look at the bottom line. How much does the dreaded Taxman want from me this time? But have you ever
Key Takeaways A simple video explanation is brought to you by HMRC Tax Facts: 1. Why taxes exist? Taxes aren’t just numbers on a payslip.
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 comes with a lot of unfamiliar terms. This Making Tax Digital jargon buster explains every phrase in simple language, so you can
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,
Once your income exceeds £100,000, HMRC withdraws your personal allowance at £1 for every £2 earned above that threshold — pushing your effective tax rate