Business

Should you incorporate? A guide for sole traders and partnerships

Sole traders and partnerships may be contemplating incorporation as the next step for their business.  Transitioning to a limited company has its advantages, but it also comes with specific responsibilities and implications. This blog post will explore the benefits and considerations of incorporation and help you decide whether it’s the right time to make this change.

Making Tax Digital for individuals. What is the current state of play?

inancial information and submit tax returns to HMRC.  The government has started phasing in its landmark MTD initiative, which will see taxpayers move to a fully digital tax system.

In this article we outline some of the key issues for individuals including the personal tax account and simple assessment.

October downloadable guides

Our monthly downloadable guides for you to tread at your leisure.

Which tax rises could be announced in the Autumn Statement?

The Prime Minister Kier Starmer has warned of a ‘painful budget.’ Tax rises in the October budget are widely expected and the chancellor Rachel Reeves is expected to look at pensions, CGT and IHT as part of a package of measures to boost the Treasury. When is the budget? The Chancellor announced that the budget […]

Pricing strategies – how do you set yours?

One of the most important decisions to be made when launching a product or service. is setting the price. Ultimately you will want to make as much profit as you can from each sale, with prices set at the highest point possible before demand starts to decline, but numerous factors will influence your pricing structure.  For a start, you must consider your business objectives for example, if your aim is just to maximise profits, you may set a higher price than if your objective is to increase market share or grow sales.

HMRC announces major shake up in the treatment of tax free ISAs

HMRC has decided against a ban on tax free individual savings accounts (ISAs) from holding less than a full share of a stock ahead of an expected rule change by the government.