ByteStart

Online platforms must provide HMRC with sales reports on ‘side hustle’ businesses

By ByteStart January 13, 2025

If you make some extra money via a 'side hustle' - by selling online - you should be aware that digital platforms now share information about sellers with HMRC. You might need to pay tax on any profits you make - but it depends!

Which is best? – sole trader, limited company, partnership or LLP?

By ByteStart January 10, 2025

We examine the different trading structures used by small businesses—sole trader, limited company, partnership, and LLP.

Small employers concerned about unfair dismissal proposals

By ByteStart January 9, 2025

A new survey shows that over nine in ten small employers have concerns over unfair dismissal rights contained in the proposed Employment Rights Bill.

self asessment deadline small business owner

Over 5m yet to file self assessment returns – don’t miss the 31st Jan deadline!

By ByteStart January 8, 2025

HMRC says that by the start of 2025, over 5 million people had yet to file their self-assessment tax returns. Make sure you don't miss the deadline!

15 advantages of setting up a limited company in 2025

By ByteStart January 3, 2025

There are many advantages to working via a limited company. Here are some of the benefits - including tax efficiency and limited liability for directors.

10 steps to take if you become self employed in 2025

By ByteStart January 2, 2025

A key benefit of becoming self employed is how easy it is to start up a new business. Here are 10 steps to take when you decide to take the leap.

Understanding limited company taxes: what you need to know

By ByteStart December 11, 2024

If you’re setting up or running a limited company, it’s important to understand your tax responsibilities as a company director.

What is Small Business Saturday? This year it’s on 7th December

By ByteStart December 6, 2024

Small Business Saturday is an annual grassroots campaign which highlights the importance of small, independent UK businesses.

Trivial benefits – how to provide tax-free gifts to your employees

By ByteStart December 6, 2024

Trivial benefits are small perks provided by employers to employees that are exempt from tax and NI, provided certain conditions are met.

£150 per head Christmas party expense exemption for limited companies

By ByteStart December 6, 2024

If you’re thinking of holding a party for your company this year – you may be able to enjoy Corporation Tax relief on your expenditure.