Do I need a business bank account? A question I regularly get asked from business owners when they are first starting out is "do I need to open a business bank account?" This will depend on the type of business you own and its structure. What is...
What is a trivial benefit? Who can receive them and do they need to be reported? What is a trivial benefit? A trivial benefit is a tax-free employee benefit which could be described as a small gift or perk. There are pretty strict tax rules from HMRC about...
Your Self-assessment bill includes a payment on account?...
So, you have taken the plunge and decided to start working for yourself. But should you register as a sole trader, or set yourself up as a limited company? The answer to this could be different for different people. It depends on many factors. What is the...
Setting up a business whether a sole trader, partnership or limited company, comes with a lot of questions. ‘What do I need to submit?’ ‘When is it due?’ and ‘what do I include?’ will probably be on your list. The one at the very top...