Sole Trader Vs Limited Company
Choosing between being a Sole Trader or a Limited Company depends on various factors such as liability, tax implications, administrative requirements and your long-term goals. As a sole trader you have complete control over your business and its profits, but you are personally liable for any debts or legal issues. Taxation is simpler, paying […]
April – Start of the New Tax Year 2024/25
With the start of a new tax year and recent budget changes taking effect this month here are the main headlines that could affect you. VAT Registration Threshold The VAT registration threshold will be raised from £85k to £90k this month Dividend Allowance The tax-free allowance for dividend income dropped from £2,000 to […]