There’s so much to consider if you’re running your own small business. And one of the most important things you need to focus on is keeping your books straight. It’s imperative that from the start, you’re tracking all your finances…
A Limited Company is one of the most popular legal structures a sole trader or self-employed individual can choose to run their business. There are numerous benefits that go with it, including a lower tax rate and something known as…
If you’re about to head out on the road to becoming a sole trader or are thinking about making the change to a limited company, you may find yourself wondering about the pros and cons to both. We’ve created this…
If you’re new to contracting or sub-contracting in the construction or building industry, the HMRC CIS scheme can be a bit confusing to get your head around. But don’t worry, we’ve got you covered! Keep reading to find out everything…
If you’re just starting off with your small business or tackling it alone as a self-employed individual or sole trader, there’s a wealth of complicated accounting terms which can be difficult to get your head around. Here at Accountancy Solutions,…
As the name suggests, if you’re a sole trader you’re someone who runs a business as an individual. There’s no differentiation between you or your business, so you’ll be personally responsible for any losses and business bills. It’s also your…
If you’re just starting out with your career as a self-employed individual, National Insurance and income tax can be a bit of a minefield. And, it can be extra confusing if you’ve always worked for a business and are used…
If you’re just starting out with your career as a self-employed individual, National Insurance and income tax can be a bit of a minefield. And, it can be extra confusing if you’ve always worked for a business and are used…
It’s not always easy getting your self-assessment tax return in on time. Sometimes you may just simply forget with your busy working schedule, or you may have a family emergency that prevents you from filing before the deadline date. Unfortunately,…
HMRC Making Tax Digital (MTD) is a change to how businesses and self-employed individuals keep their accounting and tax records and communicate with HMRC. Created with the aim of making the entire process more streamlined and much easier, the new…