Making Tax Digital (MTD) has been talked about for years, but the rules have shifted so often that many company directors still aren’t sure what applies to them, what doesn’t, and what’s coming next. If you run a Limited Company, CIC, Partnership or operate as a Sole Trader, MTD should still be on your radar – even if most of your income […]

Article by GoSimpleTax For self-employed professionals, the festive season can be a bit of a juggling act. While friends and family might be winding down, you could be wrapping up projects, chasing that all-important invoice and thinking about closing your books for the year. What’s more, there’s often one task that’s left to the very […]

Article by PolicyBee There are plenty of things to think about when you’re looking for insurance. But should your business’s structure be one of them? Let’s find out… Structural Matters Businesses come in all shapes and sizes: limited companies, partnerships, sole traders, and a few others in between. Naturally, you want to protect yours from any […]

Article by Coconut If you’re a self-employed subcontractor working for a contractor, Construction Industry Scheme (CIS) tax rules apply. By law, the contractor must check the subcontractor’s CIS registration with HMRC and make tax deductions from their wages – 20% (if registered) or 30% (if not). Contractors can use HMRC’s online service or commercial CIS […]