How to Prepare Your Business for Year-End Accounts Year-end accounts mark a crucial point in your business’s financial year. Proper preparation ensures compliance with HMRC and Companies House, helps you understand your business performance, and simplifies the filing of taxes. Here’s a step-by-step guide for UK businesses. 1. Organise Your Financial Records Accurate records are […]
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HMRC Self Assessment Guide for Sole Traders & Freelancers If you are a UK sole trader or freelancer, Self Assessment is the system HMRC uses to collect Income Tax on your business profits. While it’s designed to be accessible, many new and established business owners still struggle with deadlines, expenses, penalties, and paperwork. This guide
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How to Register a Limited Company in the UK (Step-by-Step Guide) Setting up a limited company in the UK is one of the most effective ways to protect your personal assets, improve tax efficiency and strengthen your professional image. This guide explains each step of the formation process and highlights what new directors must know
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UK Tax & Compliance Guide for Small Business Owners (2025 Update) Understanding your tax obligations is one of the most important aspects of running a business in the UK. Whether you’re a sole trader, a freelancer, or a limited company director, staying compliant with HMRC regulations is essential.This guide covers the key areas of UK
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Sole Trader vs Limited Company – Which Structure Is Best for You? Structure Tax Type Notes Sole Trader Income Tax + National Insurance May pay more tax as profits grow Limited Company Corporation tax + Dividend Tax Often more tax-efficient for higher earnings Which Structure Should You Choose? You may prefer a Sole Trader if:
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