Small firms responsible for most tax evasion in the UK according to NAO report
A new report by the National Audit Office (NAO) says that the UK's small businesses are responsible for the 'vast majority' of tax evasion. In fact, of the £5.5bn tax…
55% of self employed will have no private pension savings at retirement if trends continue
A new study by the Institute of Fiscal Studies (IFS) reveals a startling difference in pension saving patterns between the self employed and employees.
Top 10 business planning tips for start-ups + template downloads
Even if you're cynical about the usefulness of business plans, writing one will force you to consider aspects of your business you might have overlooked.
Sole Trader Tax Calculator – 2024/25
Find out how much tax you pay as a sole trader - in terms of income tax and Class 2/4 NICs on your business profits.
SMEs are being ‘squeezed’ by high street banks paying dire rates on savings
New data shows how the Big Banks pay SMEs far lower interest rates than their challenger rivals. Firms could be missing out on £8.5bn in lost interest.
Number of self-employed aged 60 and over in the UK hits a record 991,000
An interesting new study highlights the significant number of self-employed individuals who are over 60. According to the digital community Rest Less, the number of people over 60 who work…
VAT registration – when should you register for VAT? Try HMRC’s handy estimator
If your business's "taxable supplies" over the past 12 months have exceeded the VAT registration threshold, you should register for VAT. From April 2024, the VAT registration threshold rose from…
What business expenses can your limited company claim for?
Which expenses you can claim via your limited company, and what to consider when deciding whether it's you or your business that should pay for something.
Earning zero interest on your business bank account? Open a savings account!
If you have cash reserves built up in your current account, now is the perfect time to open a business savings account to earn interest of up to 5% AER.
15 advantages of setting up a limited company
There are several advantages to working via a limited company. Here we look at the benefits - including lower tax and limited liability.