Guide to Changes of the Flat Rate VAT Scheme

Guide to Changes of the Flat Rate VAT Scheme

Small businesses which fall into the ‘Limited Cost Traders’ category will be primarily affected by the changes to VAT Flat Rate scheme. These significant changes will affect the amount of VAT small businesses will pay. When will the new VAT changes come into effect?...
Sole Trader vs Limited Company for Freelancers

Sole Trader vs Limited Company for Freelancers

The choice you make as to which business structure would suit you and your business is a difficult one to make. Each have their own legal, tax and liability issues which need to be taken into consideration when making the choice between running your business as a sole...
A Guide to HMRC’s ‘Making Tax Digital’

A Guide to HMRC’s ‘Making Tax Digital’

HMRC’s ‘Making Tax Digital’ will be achieved by 2020. These changes reflect the importance of the digital world in our lives and have been incorporated by HMRC. Their aim is to ensure a more convenient service and user friendly interface online. Here are some of the...