Are you an individual trader and want to expand? Hiring people to help you run the business is the logical next step in ensuring future growth. Many people wonder how this affects their sole proprietorship. So are you allowed to work as a sole trader or do you have to start a business? Do I …
As a self-employed sole trader, getting the most tax breaks possible will undoubtedly be one of your top priorities. All one-man gangs pay taxes on their hard-earned winnings. As a self-employed person, you don’t want to pay more taxes than necessary. In this guide, we will help you make sure that you, the retailer, are …
So Has the Self-Assessment Tax Deadline Been Extended? Still there is no late filing penalty for self-assessment for those filing tax returns online before February 28th, in the UK. Self-assessment tax filers who are unable to file their tax return by January 31, 2021 will not receive a late filing penalty if they file …
Will the Deadline for Self-Assessment Tax Be Extended? Good News for the UK tax filers, affected by Covid-19. HMRC has announced that if some has been affected coronavirus in his/her personal or professional life, it will accept this as a “reasonable excuse” for missing the January 31 registration deadline. However, HMRC is vague, …
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What is an Annual Financial Statement? If you are a company director or an accountant then there are few things you should know about the company annual financial statement. The information contained in this type of document is important for the shareholders and the company as a whole. Many directors often make the mistake …
Accounting Services: Why We Need Them for Successful Business Operations Accounting services are a broad category that can vary greatly from company to company. There are many common features that most accountants share, but it is important to get an accountant who understands your unique needs so you can maximize the services provided. You want …
The UK’s Coronavirus Furlough Scheme – Extended Still fighting against Coronavirus pandemic, the British government has decided to extend the coronavirus job retention plan for one month, until the end of April next year. The plan, which paid up to 80% of the salaries of around 9.5 million people (for £ 41.4 billion) in March …
A current or saving local bank account is pretty much necessary for everyday living in the UK, also having a second account offshore is quite beneficial for those who do so. Not only will you often need to access your second account, but you may even need to use it to open up a property …
Inheritance Tax in the UK In general the Inheritance Tax is a charge on inherited property and in some cases more than property. The value of a property is the property itself, not the value added to it over time by the heirs of the owner. The most common way of giving property to someone …
Business Startup in the UK – How to Find Funding The best place to start looking for funding for a business startup in the UK is the internet. There are literally hundreds of different organizations that offer funding for startups, and all over the internet, you can look at each and every one of them …
