Starting or managing a business comes with many responsibilities, and with so much to oversee, it’s easy to misunderstand critical administrative details. A Director’s Service Address is one of these — an essential element for maintaining legal compliance. If you’re unfamiliar with this term, you might be wondering what it means and why it’s so […]

Article Provided by PolicyBee If you’re wondering, “Do I need professional indemnity insurance?” this guide is here to help. But before we look at why your business needs professional indemnity (PI) insurance, let’s shed some light on what it actually is. Professional indemnity insurance is there to protect you if a client claims you didn’t do your job properly. […]

By GoSimpleTax Personal tax allowances are tax-free amounts of income that you’re allowed to earn or receive. Several types of personal tax allowance are available and all of the main ones are available to UK sole traders. Claiming personal tax allowances can reduce your annual sole trader tax bill significantly, so it’s important to know […]

Article by GoSimpleTax Having just filed your 2023/24 Self Assessment tax return, hopefully ahead of the 31 January online filing deadline, you probably don’t want to have to think about your next tax return for a good while. That’s perfectly understandable. However, there are a few very good reasons to start looking at your 2024/25 […]