King Charles won’t have to pay inheritance tax
We mentioned in our previous article the top four most hated taxes in the UK, and inheritance tax is one of them. Because British law stipulates that when people die and leave their relatives with assets exceeding a certain amount, they will need to pay 40%...
Cash Flow Strategies for Your Business
For the self-employed, this coming winter may put more pressure on you to manage your cash flow. From energy bills alone, this will make more businesses pay high bills to support their operations. At this critical time, efficient cash flow management can help you...
MTD for Income Tax (MTD ITSA)
HMRC has published a Making Tax Digital Guide to assist taxpayers and self-employed individuals in their income tax self-assessment. This guide (MTD ITSA) will provide taxpayers with greater clarity and explain some frequently asked questions. Register with MTD ITSA...
Running Your Business as a Sole Trader
Photo by Sean Pollock on Unsplash Can two people work together to run a business as a sole trader? This may be a question you’ve thought about or prepared to consult. In this issue, we will answer whether it is feasible to operate a sole trader in a joint...
