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Starting out in the UK & considering trading as a sole trader? Here's some current sole trader & self assessment info you'll need to know, care of Bradley Post, Managing Director of Rift Tax Refunds. I'm setting up a business. Am I better off as a Sole Trader or a Limited Company? The first steps are the most important when you're setting out in a new business. A big part of ge...
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Completing a self-assessment tax return can be tedious at best for freelancers and entrepreneurs. With the deadline of 31st January quickly approaching, it’s time to start preparing to complete your return. Alexander & Co have put together this handy guide to make your tax return as quick and stress-free as possible. Read on to find out more.   Do you actually need to complete a s...
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Making Tax Digital (MTD) is set to bring about the biggest change to the UK’s tax system for a generation, with online tax submissions soon to be the only option for the majority of self-employed taxpayers and paper tax returns likely to become a thing of the past. So what does MTD and the new era of digital tax mean for you and your small business? Here are four things you need to know care...
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The Forum of Private Business is encouraging the next UK government to create conditions for an increase in business performance and productivity both in UK trading and exporting overseas. “A one percent increase in productivity achieved across the UK macro economy would add almost £20 billion to our national output. It would also reduce the annual government deficit by around £...
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A couple of months ago, the UK government launched a new consultation into Making Tax Digital, its ambitious plan to implement a fully digital tax system across the whole of the UK by 2020. With consultation documents published and people invited to comment on the proposals, what are the main things that small business owners need to be aware of?  Emily Coltman FCA, chief accounta...
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Our friends over at Freeagent (who wrote us a valentines day song, see below) have been supporting Startacus the last while with their handy online accounting software. So when we watched their explainer video on why you might want to switch your accounts at the start of the new tax year, we thought it only right to share the love back. Over to Chief Accountant Emily Coltman FCA of FreeAgent to ex...
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We’re delighted to bring you news that our friends over at FreeAgent are once again giving away £5k towards one small business' tax bill, to help make the whole process a little bit sweeter.  The competition will take the form of a prize draw, which is automatically open to any Ltd. company Director or Sole Trader who subscribes to FreeAgent and submits their self assessment tax ...
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Those kind folk over at Crunch Accountancy are spreading the festive cheer, with a timely post on what tax exemptions startups & freelancers are entitled to for a Christmas Party! Over to Crunch to explain:Shameful flirting under the mistletoe, unusual amounts of merriment, and a sore head the next day can only mean one thing at this time of year – the work Christmas party! You might be...
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Richard from Simplicity Accounting, a Belfast based Accountancy firm give Startacus (and all you good folk) some handy pointers on choosing your business trading vehicle. Over to Richard to explain. Choice of trading vehicle? First of all you may ask yourself, “what on earth is a trading vehicle?” Your trading vehicle is the legal status of your business, and beyond matters of th...
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Many people harbour an unfulfilled dream of starting their own business, a secret yearning for self-sufficiency and independence that they keep quietly tucked away each day as they head off for work. It is an ambition that for most will remain unrealised as they allow practicalities, financial responsibilities and other life circumstances to snuff out any hope of ever achieving it. That’s w...
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