Knowledge Hub
Practical information to help business owners, individuals, landlords and organisations better understand their accounting and tax responsibilities.
Showing 4 of 4 articles
Starting a Business
Starting to work for yourself is exciting, but it also comes with some new tax responsibilities. One of the first questions many new sole traders have is when and how they need to tell HM Revenue & Customs (HMRC) that they are self-employed.
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VAT
Businesses do not normally need to register for VAT from day one, but registration becomes compulsory in certain circumstances. This guide explains the £90,000 VAT threshold, the rolling 12-month test, voluntary registration and what happens once you become VAT registered.
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Starting a Business
Choosing between operating as a sole trader or through a limited company can affect your tax, legal responsibilities, how you take money from the business and the amount of administration involved. This guide explains the main differences.
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Self Assessment
A practical guide to allowable business expenses for sole traders, including working from home, mileage, clothing, equipment, professional fees and mixed-use costs.
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From information to a conversation
Our guides provide general information, but accounting and tax treatment can depend on individual circumstances. If you would like to discuss your own situation, get in touch.
