When Should You Move From Sole Trader to Limited Company?
Find out the key issues you need to consider to help decide when you should move from sole trader to Limited Company including taxes and protecting your personal assets.
Business Registration
Here you’ll find everything you need to know about registering your business, including choosing between sole trader and limited company, the paperwork you need to fill in to register your chosen business structure as well as where to find it and what happens next.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Business Structures
Choosing a business structure is often the trickiest part of registration often causes a huge amount of worry. In the business structures section, you’ll find helpful guides explaining the difference between all the most common business structures available as well as some help with choosing which one is right for you.
Form a Limited Company
If you’ve decided forming a Limited Company is right for your business or side hustle, then the next step is to start filling out the paperwork and understanding the forms you’ll need to complete each year. In the Form a Limited Company section, you’ll find guides explaining what you need to do to register with Companies House and what you’ll be responsible for doing as a Company Director.
Register as Self Employed
Registering as self-employed is the quickest and easiest way to let HMRC know you’re working for yourself. In the Register as Self Employed section, you can find out how to complete your registration online on the HMRC website.
Register a Partnership
Setting up a partnership is ideal if you want to work with someone, share the profits and minimise the paperwork. In the Register a Partnership section, you can find out more about registering a partnership, how the tax works and the forms you need to complete.
Partnership Tax Returns (SA800) Explained
The SA800 is the code given by HMRC to the partnership tax return. Find out more about this form and the information it contains.
How Does Tax Work in a Partnership?
Once you’ve decided to set up a partnership, then next question that often plays on peoples mind is ‘how does tax work’? If this question is at the top of your worry list, then this guide is for you. Here’s you’ll discover more about tax for partnerships, how you report earnings, how much you’ll pay and where you can find more reading on legally reducing your tax bill.
Do I Have to Register My Side Hustle as a Business?
Are you lying awake at night worried the tax-man is lurking around the corner because you should have registered your side hustle as a business? Well, worry no more! In this guide, I’ll show you the rules you need to know about registering a business, what it means for your taxes, tax code and what you need to do next.
HMRC Badges of Trade
The badges of trade is a test sometimes used by HMRC to determine whether a person is in business or has a hobby. Here are each of the badges
How to Set Up a Business in the UK
This step-by-step guide will help you learn how to set up a business in the UK so you can get your new venture off the ground!
When To Register as Self-Employed
Worried you’ve been running your business illegally? Here are the rules on registering as self-employed (or a sole trader), the deadline and whether you need to do it straight away.
SIC Codes Explained
Find out how SIC codes work, why Companies House use them and how you can find out the right SIC code for your Limited Company
How to Register as Self Employed with HMRC
Ready to make things official and register as self-employed? Then this guide is for you! It includes the 5 steps you need to take to apply to HMRC and what happens once your application has been submitted.
How to Set Up a Partnership with HMRC
A step-by-step guide to registering a Partnership with HMRC, the role of a nominated partner and the registrations requirements for individual partners.