Understand the difference between a sole trader and a company. Learn the key distinctions and benefits of each business ...

This choice impacts everything from liability and tax obligations to administrative requirements and growth potential. Two common options are operating as a sole trader or forming a company. Each has ...

Last month, research from Takepayments found that as many as 31% of sole traders and freelancers are clueless about their tax band. Chambers adds: “It’s encouraging to see that nearly a quarter feel ...

However, for sole traders with income tax over £50,000 ... but that leaves a significant portion not experiencing the benefits of digitised tax reporting that compliance will bring.

Some small firms deliberately choose not to grow – and bring in more money for the country – because of the complexities.

"So all of that accumulated interest that I would benefit from later on, and it would give me greater security later on ... Rein's comments came alongside criticism of the policy from sole trader tax ...

Setting up as one of the UK’s 3.1 million sole traders, you may have lots of questions around which business bank account is best for you. You will need to consider cost, free banking period (if there ...

People earning extra cash from their side jobs risk getting into trouble with HM Revenue and Customs (HMRC). If you work a ...

There are three basic forms of business ownership: sole proprietorship, partnership and corporation. Each of these forms of business organization has advantages and disadvantages in such areas as ...

"So all of that accumulated interest that I would benefit from later on ... Rein's comments came alongside criticism of the policy from sole trader tax platform Hnry. Hnry chief executive James ...