What is a sole trader and a limited Company? A sole trader is essentially a self-employed person who’s the sole owner of their business. It’s the simplest business structure out there – which is probably why it’s the most popular. On the other hand, a limited Company is a type of business structure that has […]
Do contractors need to submit Self Assessment tax returns? The simple answer to this would be YES! Just like all other businesses, contractors also have to pay taxes depending on the type of structure they have for their business. Generally speaking, you need to make self-assessment tax return submission if you are working as sole […]
Why do I need a Government Gateway account ? HMRC has provided many of the online services and in order to access those services you need to make a Government Gateway account. Setting up an Government gateway I.D is easy and not much time taking but it brings you an ease to access all the […]
What is a UTR number? UTR is the Unique Taxpayer Reference. As the name suggest it is unique to your business and to you. UTR is a 10-digit code and is used by HMRC whenever they’re dealing with your tax situation.It depends on your business structure if you would be having one UTR number or […]
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