Filing and Compliance Requirements of Sole Traders and Limited Companies in the UK

The UK’s business landscape is home to both sole traders and limited companies, and while each has its own advantages and disadvantages, both are subject to compliance requirements imposed by the government. In this article, we will examine the compliance requirements of sole traders and limited companies in the UK. Sole Traders: Sole traders are …

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Tax Allowable Business Expenses for Sole Traders and Limited Companies

As a business owner, it is essential to be aware of the tax-allowable expenses that can be claimed against your profits. This can help reduce your tax bill, making your business more profitable. Whether you are a sole trader or a limited company, understanding the tax-allowable expenses can save you money and simplify your tax …

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Advantages and Disadvantages of Sole Trader and Limited Company Structures

Starting a business requires careful consideration of various factors, including the business structure. The choice between a sole trader and vs limited company is a common decision that entrepreneurs face. Understanding the difference and weighing the pros and cons of each structure can help you make an informed choice. Sole Trader  A sole trader is …

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