Sole trading is the simplest form of business structure. Not only is it relatively easy but it requires a low cost to set up. Being a sole trader, you must have in-depth knowledge of what you can claim as expenses. This will help you avoid a large tax bill when tax payments are due. One
The new tax year started on 6 April 2019. There are some changes that are set to take effect for the 2019/2020 year. Every year, there are modifications to the tax threshold, rates, and allowances. These are the main factors that will affect individuals and businesses: Higher Tax-free Personal Allowance Personal allowance, which is the amount you
The deductible expenses may be a nightmare for small and medium-sized businesses. However, they are those expenses that, because of their purpose, are useful, necessary and pertinent to achieve the business goals and generate profits. While an exhaustive inclusion of your expenses in the deductibles can reduce what you pay as tax, for any expense
With the start of the new tax year approaching, you should be getting everything in order to sort your CIS Tax Return out, but what do you need to get in order? Here’s What You Need: Your Pay & Tax Information (such as CIS vouchers) What Sites & Companies You Have Worked With Expense receipts and /
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