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The post UK Dividend Tax Explained: Step-By-Step Guide appeared first on Accounting Wise ..read more

The post How to Set Up Your Personal Tax Account With HMRC appeared first on Accounting Wise ..read more

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One of the first decisions to make when registering as a sole trader, is choosing between the pros and cons of different business structures. If you’ve made the decision to become a sole trader, that’s already progress! Starting a business as a sole trader does have several advantages: It’s really simple to set up. It’s […] The post How to Register as a Sole Trader appeared first on Accounting Wise ..read more

As the term suggests, when operating as a sole trader you’re running your business as an individual. Being a sole trader merely means that there’s no legal distinction between the owner and the business. Sole Trader definition As a sole trader, you’ll be – Personally responsible for any losses your business makes Personally responsible for any of […] The post What is a Sole Trader Business? appeared first on Accounting Wise ..read more

Rishi Sunak announces world-leading Self-employment Income Support Scheme to support the UK’s self-employed affected by the coronavirus outbreak. Self-employed workers can apply for a grant to help them cope with the financial impact of coronavirus through the Self-employment Income Support Scheme. This scheme will allow you to claim a taxable grant worth 80% of your […] The post COVID-19 Self-employment Income Support Scheme appeared first on Accounting Wise ..read more

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief package […] The post COVID-19 Government Support for Businesses appeared first on Accounting Wise ..read more