How should you structure your business?

How should you structure your business?

Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business.  Assuming you’ve weighed up the pros and cons involved...
How to extract profits out of a company

How to extract profits out of a company

Tax-efficient advice for limited company directors. Believe it or not, there are more than 4.7 million limited companies registered in the UK, including the 810,316 incorporations that signed up in 2020/21.  Only around 2m are actively trading, but the number of...
Making Tax Digital for income tax

Making Tax Digital for income tax

Everything you need to know before April 2024. Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024, following the recent news of a one-year delay.  This was the latest in a long line of delays and...