A sole trader is a self-employed individual who owns and operates their business. It’s the simplest business structure with minimal setup costs.

Amazon FBA (Fulfilment by Amazon) provides sellers with a streamlined way to sell products, but it also brings unique accounting challenges. This guide will break down how Amazon processes payments, the types of reports it provides, and how to record transactions efficiently in accounting software like QuickBooks or Xero.

Closing a limited company in the UK involves several legal, financial, and tax considerations. The method you choose depends on factors such as the company's financial position, outstanding liabilities, and future business intentions. This guide explores the main options for closing a company—voluntary strike-off, members’ voluntary liquidation (MVL), and creditors’ voluntary liquidation (CVL)—covering the process, costs, and tax implications.

Choosing the right accounting software can make or break your financial workflow. Two of the most popular cloud-based solutions in the UK are Xero and QuickBooks Online—both Making Tax Digital (MTD) compliant and widely used by businesses of all sizes.

The UK government’s Making Tax Digital (MTD) initiative is transforming the way self-employed individuals report their taxes. With new rules requiring digital record-keeping and quarterly submissions, it’s essential to understand how MTD affects your business.

As a limited company director, you have more control and flexibility over how you pay yourself compared to employees. However, choosing the most tax-efficient method is crucial to maximising your income while keeping taxes low.

Company cars are a popular perk in the UK, but they come with their own tax implications. Benefit-in-Kind (BIK) tax applies to vehicles provided by employers for personal use. Whether you’re an employer or employee, understanding how to calculate BIK tax is crucial for accurate budgeting and compliance.

Mileage allowance is a valuable tool provided by HMRC to offset the costs of work-related travel. This guide will explore what mileage allowance is, who can claim it, the rules for directors, and how to avoid common pitfalls when claiming.

When purchasing a car, understanding the tax benefits and potential pitfalls can save you money and ensure compliance with HMRC rules. Here’s a comprehensive guide to help you decide whether to buy a car through your company or personally, and how to finance it effectively.

Understanding when to report your pension contributions is key to optimizing your tax relief. Here’s a breakdown based on different scenarios:

The Construction Industry Scheme (CIS) is a tax mechanism for contractors and subcontractors in the construction sector. If you’re a limited company subcontractor under CIS, you may be entitled to claim back deductions made by contractors from your payments. Here’s a very handy guide on how to make a CIS claim and ensure your tax affairs are in order.

(CIS) in the UK covers most construction work, including alterations, repairs, decorating, and demolition related to buildings and infrastructure. Activities like delivering materials, architecture, surveying, and some scaffolding that is not part of the construction itself are not covered.