Category: Accounting

Exploring business structures: Sole Trader vs. Limited Company – unveiling the advantages and drawbacks

When starting a business, one important decision to make is whether to operate as a sole trader or set up a limited company. Both options have their own advantages and disadvantages. Let’s outline the key differences between the two

The VAT registration conundrum: Should I, or shouldn’t I?

VAT is a tax that is charged on goods and services in the UK. Many businesses are required to register for VAT if their turnover exceeds a certain threshold, but there are some benefits and drawbacks to being VAT registered.