Sole Trader vs Limited Company (0)
4/09/12 •
Sole Trader vs Limited Company A lot of people get confused about the differences between a limited company and a sole trader, and for that reason it is one of the most common questions asked when starting a business. There is no straight forward answer to which one is best as it will depend on [...]
Recent Posts
Understanding a profit and loss account (1)
2/16/12 •
Understanding the profit and loss account The profit and loss account part of the financial statements of a business. For small business owners who run as a sole trader the profit and loss account may be all that is produced, whereby a Limited Company is required to prepare more formal financial statements including additional pages [...]
Building trade targeted in latest HMRC tax crackdown (0)
2/13/12 •
The building trade and those involved in the construction industry such as bricklayers and roofers are next on the list for HMRC to target in their latest crackdown. Announced on the HMRC website at the beginning of this week the latest campaign to target tax evaders will join the previously announced campaigns against tutors and [...]
Annual Investment Allowance Changes April 2012 (0)
2/06/12 •
If you are in business either as a sole trader, partnership or Company and purchase plant and equipment you should already be taking advantage of the Annual Investment Allowance. Currently HMRC offer 100% tax relief on qualifying investments such as machinery, furniture, technology and business vehicles up to £100,000 per year. What this means is [...]
