HMRC guidelines have changed for registering your business with them. Previously you had three months to register before being subject to a penalty for not registering within this time but now HMRC ask you to register as soon as possible or by 5 Oct…
From April 2015 your liability to pay Class 2 National Insurance Contributions (NICs) as a sole trader or self-employer person will be assessed annually when you submit your self assessment tax return. Payment will be made at the same tim…
There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it. When you set up a business you need to record your tr…
If you are thinking about taking on your first employee there are some things you need to do.
Business owners who are sole traders will probably have an accounting year which ended on 31st March. This date is in line with HMRCs tax year which ended on 5th April.
