Sole traders

Self-assessment system in Uk

THE SELF-ASSESSMENT SYSTEM IN THE UK

Self-assessment system is used by the HMRC to administer and collect tax from taxpayers in the UK. Most UK taxpayers’ tax is collected at the source, however, some taxpayer under this system have to administer their tax by themselves. If not administered well, they are given penalties and made to pay interest on unpaid tax. […]
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Training cost

INVESTING IN TRAINING

Cost of training is usually exempt when it is work related. Exempted training cost Work-related training is the one you acquire to help you to improve or update the skills you have already acquired Misconceptions about training cost The most common misconceptions are that all cost can be deducted as an expense. However, some training […]
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Starting a new business,taking on a new challenge!

NEW YEAR, NEW YOU!

Starting a new business, taking on a new challenge! As we start the New Year, we might feel that we need to start a new business. As a result, this decision might be you quitting your old job and starting a new business. What to do as you leave the old and start a new […]
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