Sole trader vs limited, the VAT threshold, CIS, mileage, accountants, and Making Tax Digital.
6 threads
The bit nobody warns you about is that going over does not just mean paperwork, it means either your prices go up for domestic customers or your margin goes down. For anyone who has been through it:…
Everyone gets told "once you earn X, go limited", and the real answer seems to be a lot more personal than that. What made the decision for you — tax, liability, a contract that required it, or an ac…
Wildly different answers depending on who you ask, and it is rarely clear what is included until something extra gets billed. What are you paying, monthly or annual, and what is actually in it — acco…
Deductions, verification, gross payment status, getting the statements out of a contractor who does not answer emails. What has caught you out, and what do you check now that you did not before? Usef…
Software, spreadsheet plus bridging, or the accountant deals with it and you send a shoebox. What are you using, what does it cost, and is it actually less work than what you did before? Straight opi…
Two ways to do it and the right answer depends on the van, the mileage and whether you use it privately. Which did you choose, and did your accountant agree? Interested in anyone who has switched, an…