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Sole Trader or Limited Company?

Sole Trader or Limited Company?

Are you better off setting up your business as a sole trader or a limited company?  This is the question many startup companies ask themselves.  There are different tax implications for each status and different administrative requirements. Sole trader status Some...
How much is corporation tax ?

How much is corporation tax ?

If you have a limited company, you are required to pay corporation tax on your profits. This is currently 19%. You can claim capital allowances when you pay for assets that you use in your business such as cars, equipment and machinery. You can also claim capital...
How to close a company

How to close a company

If you are thinking of closing a company it is important to do it correctly, otherwise your bank account could be frozen, preventing you from drawing out cash.  To close a company, the first thing to do is to inform Companies House via this DS01 form.  You can only do...

An overview of IP and the process

Patents include trademarks, copyright, industrial designs and trade secrets As Stuart Newbold from Patent Search and Information Management explains, when ‘Intellectual Property’ (IP) is mentioned, most people immediately think of IP rights as protecting artistic...