Although changes to IR35 have been delayed until April 2021, contractors working through a personal service company still need to have business insurance.
Some businesses include a company car as part of the overall remuneration package for their employees. However, HMRC considers the private use of a company car to be a Benefit in Kind and is, therefore, taxed as part of the employee’s overall income from employment.
Expenses are great. By claiming all your allowable expenses, you reduce your company profits, meaning less tax to pay on them. Here's what to do.
Confused about how to go about managing your repayments? Don’t sweat, here’s all you need to know about student loan repayment when you’re self-employed.
Limited company director’s responsibilities: What you need to file with HMRC & Companies House and when
What are your responsibilities as a limited company director? We explain what you need to file with Companies House & HMRC so you can keep on top of things.
Many take the sole trader route when starting a business, but there are huge benefits associated with setting up a limited company.
We take a closer look at how the new Flat Rate VAT scheme and the Limited Cost Trader test will affect you if you’re a VAT registered small business.
There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.
Tax credits are an incentive for people to remain in low-waged employment instead of seeking similar benefits in unemployment.
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,