Author name: BS Associate Team

If the enquiry is simple and you’re confident with your records, you may handle it yourself.However, for anything more than a basic check, it’s strongly recommended to work with a tax advisor or accountant. They understand HMRC procedures, can represent you, and may help reduce or eliminate penalties. At Brayan & Spencer Associates Ltd, we

Are you a landlord or sole trader in the UK earning more than £30,000? If so, a major change is coming your way — and it starts with your taxes. The UK government is rolling out Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), a new digital system that will replace traditional

Switching from a sole trader to a limited company in the UK is a big step—and a smart one for many growing businesses. With the right approach, it can lead to major tax savings, better protection, and a more professional business structure. But what are the exact steps? What does HMRC need from you in

As a sole trader in the UK, managing your finances is critical to running a successful business. One way to ensure you’re not paying more tax than necessary is by understanding allowable business expenses for sole traders. These are costs you can deduct from your taxable profit, ultimately reducing your tax liability. Below, we’ll break

Starting January 2025, HMRC will impose a £100 fine on UK households that fail to meet the Self Assessment Tax Return deadline. With just over a month left to file, it’s crucial for taxpayers to act quickly to avoid penalties. If you’re one of the millions who need to file, it’s important to stay on