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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...
Best practice with invoices

Best practice with invoices

Getting paid on time is crucial for the survival of your startup or SME.  It may sound like common sense, but many companies go out of business not because they didn’t have the revenue, but because their cash flow wasn’t working efficiently.  So how do you...