Blog & Insights

Moving from a sole trader to a limited company

Posted by Dave Hazlehurst, on February 26, 2020.

Setting up a limited company should always be a consideration for all businesses, no matter what industry you are in. Moving from a sole trader to a limited company may mean a lot more paperwork, and there is a much greater compliance burden. However, forming a limited company usually reduces the amount of tax you […]

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Expenses for the self-employed

Posted by Dave Hazlehurst, on January 24, 2020.

When you are self-employed, you only need to pay taxes on your profit. This means that any operating expenses can be subtracted from your turnover to work out your taxable profit. However, this doesn’t mean you can claim everything as a business expense. HMRC has clear rules on ‘allowable expenses’, and it’s important to understand […]

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Barker Black Case Study

Posted by Cutter & Co, on December 17, 2019.

As a business owner, choosing the right accountant is one of the most important decisions you can make. When Richard Barker returned to the UK with the view of taking over Barker Black recruitment, finding the right accounting partner was at the top of his list. Ten years later, after finding the right partnership with […]

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Do I need an accountant as a small business or sole trader?

Posted by Dave Hazlehurst, on October 20, 2019.

As a small business, sole trader or freelancer, you are not required by law to have an accountant or bookkeeper. With the increasing popularity of cloud-based accountancy software such as Sage, QuickBooks, and Xero, keeping track of your income, expenditure and submitting your annual tax return has never been easier. So, as a small business, sole […]

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First national successful MTD Income Tax submission

Posted by Dave Hazlehurst, on October 18, 2019.

Just under a year ago Cutter & Co became the first firm nationally to submit a VAT return under the new making tax digital regulations using Sage Business Cloud Accounting software.  HMRCs making tax digital regime became mandatory for VAT return submissions for the period starting after March 2019. HMRC plan to roll out the […]

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