What do you need to know about Domestic Reverse Charge VAT?
Domestic reverse charge VAT (or DRC) changes how UK construction companies pay VAT. It was introduced in 2021 to prevent fraud and ensure that HMRC receives all the due VAT payments. Read on to discover how it works and how DRC VAT will affect your business. How does DRC work? If your construction business is […]
Are you making one of these common bookkeeping errors?
Making sure that your bookkeeping is up to date might not be at the top of your priority list, but it is important. Keeping your accounts up to date gives you and your accountant the information you need to check on your business’s health. Even if you’re good at keeping on top of your records, […]
Should I be self-employed, a sole trader or run a Limited Company?
When setting up your own business there are choices to make. One is the legal form of your business. Should you set up as a Sole Trader or Limited Company?
Auto Enrolment – The Basics and Frequently Asked Questions
You might have heard the ads on the radio or you have heard people talk about auto enrolment and workplace pensions. So, what’s it all about and does it apply to you? In this week’s blog post, we’ll cover the basics and answer the most commonly asked questions.
A quick guide about keeping records for your tax return
If you need to fill in a tax return every year you will also need to keep the records related to the tax year in question. This is the case whether you are an employee, self-employed or run a Limited Company. The rules for keeping records are, however, a bit different for each category.
How to know when your hobby turns into a business in 2025
Do you have a hobby that might have turned into a business? Whether you are accepting money for public speaking engagements, online selling, provide entertainment at parties or make crafts which you sell at a market, there comes a point when your hobby turns into a business.
Should you set up your company as a sole trader or limited company?
When you first set up your business, you can choose between sole trader or limited company. It is worth taking some advice on the subject.