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As a sole trader, you do many tasks. You manage customer service, marketing, and finances. Running your own business is rewarding but has challenges, especially
December 25, 2024
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As a sole trader, you do many tasks. You manage customer service, marketing, and finances. Running your own business is rewarding but has challenges, especially
The UK’s tax authority, HMRC, has unveiled a new online tool aimed at helping individuals with extra income determine their tax obligations. Whether you’re freelancing,
1. Introduction Tax returns are an important part of the tax system because they let people report their income and pay any taxes that are
1. Introduction People who work for themselves in the UK have to take care of their tax issues, which include paying Income Tax and National
1. Introduction to Take-Home Pay Net income, sometimes known as take-home pay, is the salary an employee gets after all required deductions, including pension payments,
A UTR (Unique Taxpayer Reference) is a ten-digit code issued by HMRC to identify taxpayers. This number is for those who need to file a
A sole trader is the simplest and most flexible business structure, favoured by many entrepreneurs in the UK. It involves running your business without any
1. Introduction to Business Asset Disposal Relief (BADR) Business Asset Disposal Relief (BADR) is a tax relief program in the UK that allows qualified business
Are you planning to start your own business but are still determining whether you should operate as a sole trader or set up a limited
Capital Gains Tax (CGT) can significantly impact your profits from selling assets in the UK. But, with the right strategies and knowledge, you can minimise