Self Employed or Limited Company?
There are various important factors, many of which are often not given the consideration they deserve, which determine which business structure may be the most suitable for your business. Although...
View ArticleAre pre-trading expenses allowable?
Are pre-trading expenses allowable? Pre-trading expenses are expenses that were incurred by the individual(s) prior to the date that the business actually started to trade. Pre-trading expenditure is...
View ArticleDo I need to register for VAT?
Do I need to register for VAT? Many new business owners believe that they must register for VAT with HMRC as soon as they start trading. This is certainly not the case. You must register for VAT if...
View ArticleBusiness Startup Checklist
Business Startup Checklist You have decided that you are going to register as self-employed and are wondering where to start. We have put together the following business startup checklist for you: 1....
View ArticleDo I need to pay Class 2 NIC?
Class 2 contributions count towards certain benefits, like the basic State Pension, Maternity Allowance and Bereavement Benefit. But any claims for benefits may be affected if your payments are late....
View ArticleDo I need a business bank account?
There is no legal requirement for self-employed business owners to open a separate business bank account. This is partly due to the fact that self-employed individuals have unlimited liability for the...
View ArticleHow do I register as Self-Employed?
How do I register as Self-employed? You have decided that you want to run your business as a Sole-Trader or Partnership (rather than through a Limited Company). Now, you want to know how to register...
View ArticleWhat tax do I have to pay?
As a self-employed individual (Sole-trader or within a partnership) in the United Kingdom you will be liable to pay the following Taxes and National Insurance. Note that the following assumes that you...
View ArticleHMRC UTR Number
A ‘UTR Number’ (full name being ‘Unique Tax Reference’) is a 10 digit numerical reference which, as the name suggests, is unique to the tax payer. HMRC issue a tax payer (whether it be an Individual,...
View ArticleSelf Employed Courier Jobs
Becoming a self employed courier can be a very rewarding business venture. There are ample opportunities, the financial returns are handsome and you can be your own boss. But being a self employed...
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