12 Self Assessment expenses you didn’t know you could claim

Posted by 1st Formations on Jun 1, 2018 in Running a Business, Sole Traders, Tax | 0 comments

12 Self Assessment expenses you didn't know you could claim

Running your own business isn’t always easy – especially where accounting is concerned. As a business owner, you’ll have a range of reporting regulations and requirements you must fulfil for HMRC and Companies House on behalf of your company. But what some aspiring self-employed entrepreneurs may not realise is that, when you start your own business, you also need to register for Self...

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Sole trader or limited company?

Posted by 1st Formations on Nov 20, 2014 in Limited Company, Sole Traders | 0 comments

Sole trader or limited company?

There are many factors to consider before setting up a business, or changing from sole trader to limited company. The most important considerations are: income, future business plans, tax implications, the industry you operate in, the types of clients you wish to attract, and the level of record-keeping and accounting you are prepared to do. (more…)

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