Limited company and sole trader differences 2019/20 In this article we are going to discuss the main differences for the 2019/20 tax year between running your business as a sole trader in comparison to a limited company, in general terms and then in regard to UK taxation (the article assumes you are a taxpayer in… Read More

Optimum Salary and Dividends 2019/20 – Limited Company Directors When you are working through your own limited company one of the key items on your tax planning should be ensuring that you are paying yourself the optimum level of salary and dividends. The advice in this article is geared towards limited company freelancers, contractors and… Read More

Autumn Budget 2018 On Monday 29th October 2018 the chancellor of the exchequer, Philip Hammond, delivered the 2018 Autumn Budget. In this article, we cover the key changes from the budget that affect contractors, freelancers and modern small businesses (our core client base) over the coming years.   IR35 One of the biggest announcements was… Read More

Should I invest my limited company cash into a property? I work as freelancer trading through my own limited company and I am sitting on a fair bit of cash in my business at the moment and I was thinking about trying to invest it. One of the options I was looking at was potentially… Read More

Are there benefits of being VAT registered? I am a freelance graphic designer earning roughly £50,000 per year, I am currently not VAT registered but am wondering if there are any benefits of voluntarily registering for VAT?     VAT registration threshold If your VAT taxable turnover exceeds the VAT registration threshold you have to… Read More