If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses. Tools and Equipment: Cost of purchasing or hiring tools...

Forming a limited company provides two primary benefits: limited liability and potential tax efficiency. Limited liability ensures that the company's debts belong to the company, safeguarding personal assets from financial obligations, in contrast to the sole trader's personal...

The Employment Allowance is a program designed for specific limited companies to decrease their annual employer's National Insurance Contributions (NIC) by a maximum of £5,000 per tax year. Eligibility for this allowance requires that your company's National Insurance...