Should I trade as a limited company or sole trader/partnership?
Should I trade as a limited company or sole trade/partnership? This question is not easily answered. However, by considering the many factors…
Can I claim the costs of working from home?
Can I claim the costs of working from home? If you work from home, whether self-employed or through a limited company, then you are entitled to…
Should I pay my spouse a salary?
Should I pay my spouse a salary? If your spouse assists you with your business (whether a sole trade or a limited company) then you are entitled…
What accounting records do I need to keep?
What accounting records do I need to keep? For a simple small business, we consider that the minimum records should comprise: cash book…
Which expenses are allowable against my business income?
Which expenses are allowable against my business income? You can claim expenses which are "wholly and exclusively" incurred for the business. In…
I sometimes use my car for business. What can I claim?
I sometimes use my car for business. What can I claim? The easiest way to deal with the use of a motor car for business purposes is to use…
My turnover is below the VAT registration limit. Is there any benefit in registering voluntarily?
Is there any benefit in registering for VAT if my turnover is below the registration limit? If your turnover is below the VAT registration…
What are the rules about business names?
What are the rules about business names? Guidance Booklet GP1 on Company Names is available from the Companies House website. Link to further…
How can I reduce my tax bill?
How can I reduce my tax bill? There are number of simple steps which you can take to help reduce your tax bill. But don't forget the GOLDEN…