One of the differences between being paid by an employer and running your own business is having to sort out your own pay. You can do this by taking a salary from your limited company - in the same way as a regular employee. Here are the benefits of taking a high or a low salary, without the jargon.
The government is introducing changes to IR35 legislation in April 2020. What do contractors need to do to ensure they're ready for the new rules?
If you don’t file your Self Assessment and pay any tax due by 31st January deadline you’ll face fines – and potential extra penalties. Here's all the info.
A Self Assessment tax return is one of the most significant tax documents you’ll be dealing with when you’re self-employed. Here's what you need to know.
There are many different tax rates in the UK affecting both individuals and businesses - we've pulled them all together so you can keep on top of them.
There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.
As a sole trader, your business will naturally incur running costs. The good news is that many of these running costs can be claimed as business expenses,
Using these advisory fuel rates, you can calculate what percentage of the business mileage rate applies to fuel and calculate the VAT on that element.
We take a closer look at the differences between unsecured and secured business loans, to help you decide which may be better suited to your business.
Why use online accounting software when you can download an Excel spreadsheet for free? Well, the reasons are numerous.
Anyone who is defined as a 'worker' is entitled to a selection of workers rights. We look at the minim wage, overtime, equal pay and unpaid experience.
You've pitched, landed the job, delivered your work...and now it's time to get your money. But how do you do that? Luckily, help is at hand! We give you the lowdown on what your invoice should include as well as links to handy free templates and software.