MTD and VAT registered businesses 

Making Tax Digital (MTD) is the biggest change in our tax system since Self-Assessment was introduced.  From April 2020, all businesses and landlords with annual turnover over £10,000 will have to make online quarterly submissions of key financial information to...

Insurances that a Freelancer should have 

There are three main types of insurance that a Freelancer should consider:  Public liability insurance:  This covers physical damage or harm done by the freelancer whilst representing their business.  This is a legal requirement – and contracts generally require £5m...

When should I hire an accountant for my new business?

Speaking to an accountant when setting up your business is key to going forward  You should speak to an accountant when setting up your business to make sure you choose the best structure.  In any event you should at least meet one as soon as you’ve decided on your...

Should I set up as a Sole Trader for my new business?

Not necessarily, a Limited Company can result in you paying less tax. AND while a Company owner might lose their business – a Sole Trader (self-employed) can lose personal assets as well! If profits are below about £12,000, acting as a Sole Trader makes very...