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?
small business
Do I Need to Register for VAT?
VAT registration is one of those topics that confuses a lot of sole traders and small business owners. When do you have to register? Is it ever worth registering voluntarily? And what happens if you … [Read more...] about Do I Need to Register for VAT?
MTD for Income Tax — What Sole Traders Need to Do Now
Making Tax Digital for Income Tax (MTD for IT) is no longer on the horizon — it's here. If you're self-employed or a sole trader, this change affects how you report your income to HMRC. Here's what … [Read more...] about MTD for Income Tax — What Sole Traders Need to Do Now