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. Following the 2026 … [Read more...] about Sole Trader or Limited Company? The 2026/27 Break-Even Point in Scotland
Bookkeeping & Accountancy
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
Do I Need a Bookkeeper or Accountant as a Sole Trader?
When you first go self-employed, it’s tempting to handle everything yourself — including your finances. And for a while, that’s often perfectly fine. But as your business grows, or as the complexity … [Read more...] about Do I Need a Bookkeeper or Accountant as a Sole Trader?
Sole Trader vs Limited Company: Which Is Right for You?
At some point, many self-employed people find themselves asking the same question: should I stay as a sole trader, or would I be better off forming a limited company? There’s no single right answer — … [Read more...] about Sole Trader vs Limited Company: Which Is Right for You?
What Records Do I Need to Keep as a Sole Trader?
Keeping proper business records might not be the most exciting part of being self-employed, but it’s one of the most important. HMRC can request evidence of your income and expenses at any time, … [Read more...] about What Records Do I Need to Keep as a Sole Trader?
What’s the Difference Between Bookkeeping and Accountancy?
If you run your own business, you've probably heard both terms used — sometimes interchangeably. But bookkeeping and accountancy are different things, and understanding the distinction can help you … [Read more...] about What’s the Difference Between Bookkeeping and Accountancy?
