When you start working as a sole trader it can be confusing to know how to pay yourself when you no longer receive a salary from your employer. Find out how to pay yourself as a sole trader, how much to pay yourself, and why it’s a good idea to have… Read more
If you want to start a business with another person or company, then you need to know about running an LLP, and how this is different from a normal partnership. What is an LLP? LLP stands for limited liability partnership. When you ‘incorporate’… Read more
As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more
You can reduce your tax payment by deducting allowable expenses, so it’s important to know what you can claim on. What are allowable expenses? Allowable expenses are running costs for your business. You can deduct them from your profit, so you don’t… Read more
If you want to do your bookkeeping quickly and easily, using online accounting software is a great solution. Here’s why: Import transactions with bank feeds Bank feeds are when you connect your bank account to your bookkeeping software, and your… Read more
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