by Hannah Adams | Mar 30, 2022 | Business, Limited company, Self Assessment
Your business structure is one of the first things you’ll need to decide on when you start up, but how do you know which is right for you? Sole trader or limited company? It’s an important choice, determining where your business stands in legal terms, the kind of tax... 
by Hannah Adams | Feb 23, 2022 | Business, Limited company, Self Assessment
In the autumn statement back in late 2021, Chancellor Rishi Sunak announced a big shake up to national insurance, which included increasing national insurance contributions for employees and those who are self employed to help fund the NHS and social care. The... 
by Hannah Adams | Jan 20, 2022 | Self Assessment
When you become self-employed as a sole trader, the way you pay tax changes compared to the way you pay it as an employee. Instead of paying as you receive income, through PAYE and your tax code, you’ll need to calculate and pay an annual bill to HMRC through a... 
by Hannah Adams | Jun 30, 2021 | Making tax digital, Self Assessment
With the cold months over and summer in sight, self-assessment tax return season is probably the last thing on your mind. That makes sense. The end of the 2020/21 tax year wasn’t that long ago, and there’s a good number of months before the 31 January deadline for... 
by Hannah Adams | Feb 26, 2021 | Self Assessment
Last year, many self-employed people were incorrectly encouraged to claim under the self-employed income support scheme (SEISS).If you were one of those people, it might have taken a while before you realised your error. Perhaps it turns out your business didn’t... 
by Hannah Adams | Sep 29, 2020 | Self Assessment
In the ‘Winter Economy Plan’ announced by Chancellor Rishi Sunak on 24th September 2020, were more policies to support the self employed until the spring. The reason that this was announced is off the back of recent restrictions to combat the beginning of a second...
