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.
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.
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.