Submitting your first self-assessment as a new sole trader
Oct 31, 2024 · 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.
What is a sole trader? A small business guide
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.
7 advantages of being a sole trader - Small Business UK
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.
What are business rates? A guide for small businesses
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.
A guide to Statutory Sick Pay for employers - Small Business UK
Aug 4, 2022 · When SSP becomes payable on the fourth day, your employee can receive up to £99.35 per week for up to 28 weeks, which should be paid on the same schedule as their wages, and with income tax and National Insurance deducted if applicable.
SMEs: discover alternative funding solutions to fuel growth
As the UK economy gets back on its feet, SMEs will play a critical role in the country’s continued growth and prosperity. Fintech funding solutions, like PayPal Working Capital, are helping to minimise hurdles and providing the flexible, agile funding needed to …
The 6 best VOIP providers for small businesses
Pricing. Essentials: £12.99 per month Standard: £19.99 per month Premium: £24.99 per month Ultimate: £29.99 per month If you’re looking for a great all-rounder, look no further than RingCentral. More than 400,000 businesses make use of its simple and affordable VoIP service to manage their daily communications.
Mileage allowance in the UK – what is it and how does it work?
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.
6 examples of sole traders - Small Business UK
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 ...
What is the VAT threshold? - Small Business UK
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.