If you are a sole trader, you run your own business and you are known as self-employed by HMRC. As a sole trader, you are responsible for any losses your business makes, however you can keep all your business’s profits after you have paid tax on them. The first step to becoming a sole trader […]
The Prime Minister recently announced a 1.25% increase to National Insurance from April 2022. Here we explain what this change in rates means for small businesses and the self-employed. Speaking at the beginning of September, Boris Johnson announced plans to increase National Insurance in April 2022. The increase of 1.25% is designed to fund the
Keeping records for your tax returns is so important for both small businesses and the self-employed. If you keep your records for your tax returns in an organised manner then it will be easier for your accountant, us and HMRC. We always advise any new company to keep on the right track by keeping good