There is evidence that HMRC’s Making Tax Digital (MTD) implementation team are working with advisors and their clients to beta test the computer systems that will drive the quarterly upload process when it is timed to begin April 2018. For those readers who may have missed our previous updates on this topic, MTD aims to […]
Monthly Archives: July 2017
Whether you pay Income Tax or National Insurance, the effect on your cash flow is the same. The payments are a necessary part of our obligation to fund the activities of State, but the self-employed are often surprised that their bi-annual tax payments cover Income Tax and National Insurance. The weekly Class 2 contribution is […]
We are often asked to judge whether it’s better for a business to be run as a sole trader, or incorporated as a limited company. The risk argument is fairly straight forward. If your trade or service provided involves risk, and a risk that it is difficult to fully insure, then the limited company is […]
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