Many self-employed people in Scotland ask the same question: at what profit does it make sense to become a limited company? The old rule of thumb was around £30,000 to £40,000. However, since the 2026 … [Read more...] about Sole Trader vs Limited Company: When Does Going Limited Actually Pay Off?
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MTD £30,000 Threshold: Are You Ready for April 2027?
Making Tax Digital for Income Tax has already gone live for self-employed people and landlords earning over £50,000. We covered this in our guide to HMRC's automatic MTD sign-up, back in September … [Read more...] about MTD £30,000 Threshold: Are You Ready for April 2027?
Important: How Universal Credit for the Self-Employed Actually Works
If you're a sole trader in East Lothian or Edinburgh and you're claiming, or thinking about claiming, Universal Credit, there's one thing worth knowing early: it doesn't treat self-employed income the … [Read more...] about Important: How Universal Credit for the Self-Employed Actually Works
Important: HMRC Is Now Automatically Signing People Up for MTD for Income Tax
If you're a sole trader or landlord in East Lothian or Edinburgh, HMRC automatic MTD sign-up is now underway. HMRC's approach to Making Tax Digital has changed. It used to say "you should sign up" for … [Read more...] about Important: HMRC Is Now Automatically Signing People Up for MTD for Income Tax
Companies House Accounts Filing Reforms Delayed to April 2028
If you run a limited company and had April 2027 marked down for a shake-up in how you file your annual accounts, you've got more breathing room. The Companies House accounts reforms will now start … [Read more...] about Companies House Accounts Filing Reforms Delayed to April 2028
2027 Property Tax Changes: What Every Landlord Needs to Know
From April 2027, it will be possible to lose money on a rental property in a given year and still receive a tax bill telling you that you made a profit. That’s not a drafting error — it’s … [Read more...] about 2027 Property Tax Changes: What Every Landlord Needs to Know
MTD for Income Tax: Quarterly Deadline Schedule for Sole Traders and Landlords
If you're a sole trader or landlord filing under Making Tax Digital for Income Tax, you'll hit four MTD quarterly deadlines a year instead of one annual Self Assessment date. This page lists every MTD … [Read more...] about MTD for Income Tax: Quarterly Deadline Schedule for Sole Traders and Landlords
National Insurance Gaps: What HMRC’s Letters to the Self-Employed Mean
If you're self-employed and a letter has landed from HMRC about gaps in your National Insurance record, take a breath. It isn't a bill. It doesn't automatically mean anything is wrong. HMRC is writing … [Read more...] about National Insurance Gaps: What HMRC’s Letters to the Self-Employed Mean
