Self-employed tax and NIC are due following the end of the tax year.
For the current tax year, ensure you file your self-assessment by the 31st of January of the following year to avoid penalties.

Yes, if your business turnover exceeds the VAT registration threshold (currently £85,000 per year), you must register and pay VAT.

No, sole traders pay income tax on their profits through annual self-assessment. Corporation tax is only applicable to limited companies.

The decision depends on factors like liability, tax efficiency, and business goals. Sole traders have simpler administration, while limited companies offer liability protection and potential tax advantages. Contact us for a personalized consultation.

The standard inheritance tax rate is 40%. It is applied to the value of your estate above the tax-free threshold, which is currently £325,000.

We offer registration, financial management, compliance assistance, and annual returns preparation to ensure your organization meets all regulatory requirements.

A strong business plan includes clear objectives, financial forecasts, market research, and strategies for growth. Our team specializes in crafting customized business plans to align with your vision.

IR-35 determines whether contractors should be treated as employees for tax purposes. We offer assessments, tax planning, and advice to ensure compliance with HMRC regulations.

Monthly management accounts provide insights into your business’s financial health. They help with decision-making, cost control, and planning for growth.

The process includes submitting the necessary documents to the Charity Commission, defining your objectives, and ensuring compliance with legal requirements. We handle the entire registration process for you.