Which is better: limited company or sole trader?
If you’re thinking of starting a business, you need to know the difference between a limited company and sole trader so you can decide which business structure is best for you.
Be prepared for big National Insurance hike in April
Experts are warning businesses and employees to brace themselves for a major rise in National Insurance payments in April. Prime Minister Boris Johnson and Chancellor Rishi Sunak have confirmed that the plans will see employees, employers and the self-employed pay...
Basis period reform – how HMRC’s latest income tax proposals may have a disproportionate impact on farmers
In April last year, the Government announced plans to overhaul the way trading income is taxed. If enshrined into law – and that is looking to be highly likely – the Basis Period Reform will affect organisations or individuals with a trading income that is subject to...
Farming and capital allowances – the advantages and pitfalls
Capital allowances are a useful form of tax relief for businesses that need to invest in expensive plant and machinery to operate successfully, including many farm enterprises. There are a number of different types, but they all essentially fulfil the same function –...