When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.
Category Archives: Business News
Financial considerations of building a new brand
When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals.
Capital allowance – Changes for plant and machinery expenditure
Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax.
How you can improve your business performance
You are an established business and doing well, but you are still ambitious and looking to improve and expand.
What do you need to know about the Energy Bill Relief Scheme?
The Government has outlined a new Energy Bill Relief Scheme to support households, businesses and public sector organisations tackling soaring energy bills.
Workers claiming Working Tax Credit urged to update their hours
Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours. Continue reading
Do I need to rethink my IR35 strategy while there is a shortage of lorry drivers?
Due to Brexit, driver retirement and the enforced IR35 reform, there is now a shortage of Heavy Goods Vehicle (HGV) drivers in the UK – around 100,000, according to some estimates.
MTD for Income Tax delayed until April 2024, HMRC confirms
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Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. Continue reading
Reduce your tax bill with these four ‘quick wins’!
It is all too easy to pay too much tax. That’s the case for PAYE employees with relatively straightforward financial affairs, but the risk is highest for people with more complex finances because they own a business, invest in property, or are a high earner.
Chancellor to lay out plans in October Budget and Spending Review
The Chancellor of the Exchequer, Rishi Sunak, is expected to announce that the Government will be pumping extra billions into the economy when he sets out details of the Budget and Spending Review on October 27.