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I want to set up my own business as a self-employed. What should I do?
I want to set up my own business as a self-employed. What should I do? If you want to start working as self-employed, you must register with HM Revenue & Customs, but first make sure you have a National Insurance Number. After the registration, you will receive your Unique Taxpayer Reference (UTR) and HMRC will…
Read MoreI Only Earn A Small Amount Of Rental Income (Inc. Airbnb Income)- Do I Have To Declare It?
I have been asked this question many times and the answer is invariably the same – “As a UK resident with any rental income you most certainly do need to declare your rental income”. There is no such thing as a minimal level which HMRC would not be interested in. Whether you have to pay…
Read MoreApril Fiscal Tax Year End is looming.. NOW is the time to choose a good Accountant!
With the 5th April tax year end coming thick and fast. NOW is the time to talk to your accountant about how best to legitimately optimise your tax situation for your sole trader business. I say “Now” because you have just about enough time and options still available to you before 5th April to reduce…
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