Self Assessment – Time to Pay Help For anyone with a self assessment payment due by 31 January, it is now possible to set up a time to pay arrangement, subject to electronic approval, solely online without contacting HMRC. If an installment plan for direct debit payments is agreed with HMRC then there will be…
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Mileage rates for the self employed Using mileage rates if you are self employed can save you much of the record keeping. If you are a sole trader or in partnership and you use a car, motor cycle or goods vehicle for the purposes of your trade, you can claim a deduction for the costs…
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Incorporation – from Sole Trader to Limited Company Thinking of changing from a sole trader to a Limited Company ? Why would you do that ? There are a number of ways that businesses can trade – the most common legal structures for businesses are sole-traders, partnerships, Limited Liability Partnerships (LLPs) and Limited Companies. What…
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Use the Dividend Allowance – don’t lose it ! Utilising the 2019/20 dividend allowance The dividend allowance is quite unusual in that it is available to everyone and everyone has the same allowance. For 2019/20 the allowance is set at £2,000. In common with many allowances, it is a case of use it or lose…
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