by Affiliate Partner, GoSimple Tax Going into business with a partner or partners can offer many benefits. You can gain from other people’s talent, ideas, knowledge, skill, contacts and cash, just as they can gain from yours. You can also share the workload, risk and responsibilities, while avoiding feelings of isolation that can happen when …
SA800 Partnership Tax Returns – key facts to know Read More »
Article by Affiliate Partner, GoSimple Tax Keeping your costs to a minimum is advised when starting a business, because it means you can pay off your start-up costs sooner and then start to make a profit. You also risk losing less money if the business doesn’t get off the ground. Some sole trader businesses can …
How to claim pre-trading expenses as a sole trader Read More »
Article by Affiliate Partner, GoSimpleTax The UK is facing a serious cost-of-living crisis. It’s being driven by eye-watering utility bill increases, rocketing fuel pump prices and record inflation that’s making the weekly supermarket shop and other purchases far more expensive. Moreover, interest rates are increasing, with more hikes expected, while take-home pay isn’t increasing anywhere …
Seven ways to save money on tax when you’re self employed Read More »
by Affiliate Partner, GoSimpleTax COVID-19 helped to push UK business start-up figures to new heights in 2020. According to the Centre for Entrepreneurs, annual year-on-year UK business formations in 2020 rocketed by 13% to 772,002. A key decision when starting a business is which legal structure do you choose when registering. The three most common …
Should you register as a sole trader or a limited company? Read More »