This is a beginner’s guide to self-assessment, designed to help sole traders who are just starting out or performing a tax return for the first time.

IPSE’s director of policy, Andy Chamberlain, told Small Business: “If you operate as a sole trader, it’s a bit more straightforward than a limited company.You work and get paid as an individual – which is the way most freelancers work. You still have to pay tax on your profits but there are fewer compliance burdens than those that work via a limited company.

As well as the exciting stuff like naming your business and finding new customers, you also need to make sure you stay on the right side of the taxman and the law, and part of this is picking the right structure for your new business.

What are business rates? Business rates are one of the UK’s oldest taxes; its origins can be traced back to the Poor Law of 1601. Business rates can be roughly defined as the tax paid for the occupation of a non-domestic property.

Business grants England 25. Mobile Boost Scheme. Connecting Devon and Somerset’s (CDS) Mobile Boost Scheme, has been designed to help small businesses and households who currently have adequate outdoor but poor indoor mobile coverage. The initiative aims to improve the quality of mobile phone calls and connectivity.

Providing mileage allowance for employees who drive for work has become more popular in recent years. But with HMRC’s many rules, it can be confusing for employers and employees alike how this process works.

Jun 17, 2024 · Name: Current rate: Description and examples: Standard: 20%: The standard rate of VAT is the default rate - this is the rate that's charged on most goods and services in the UK unless they're specifically identified as being reduced or zero-rated.

Ross Mitchell, who trains personal trainers for PT training company Future Fit, says: “I always advise people to get their Level 3 because after that, the sky’s the limit.”. As well as doing this qualification through private training companies, there is the option of doing a ‘Personal Trainer Level 3 Advanced Apprenticeship’ (which is the equivalent to an A level but with useful ...

Dec 12, 2024 · Edit; Bank Features Pricing; ANNA: Smart invoicing, automatically chase outstanding payments: Pay-as-you-go tariff means you just pay per transaction such as 20p per transaction moving money in or out: otherwise, its Business package is £14.90 per month + VAT

Aug 14, 2024 · These types of fees often vary depending on the types of transactions they are. For example, you might not be charged for paying your business broadband bill, or the bank might charge for cash transactions but not e-payments.