VAT Reverse Charging in the UK
VAT reverse charging fundamentally shifts the responsibility of VAT accounting from the seller to the buyer. Unlike traditional VAT transactions where sellers collect and pay VAT to HMRC, the buyer handles the VAT declaration instead. Consequently, this mechanism...
Sole Trader vs Limited Company: What to Choose When Starting Your Business
When you embark on the journey of entrepreneurship, one of the most pivotal decisions you will face is the choice of business structure. Registering as a sole trader vs limited company – this is where you’ll need to weigh your options and choose. Naturally, it...
Sole Trader or Limited Company: Decide What’s Best
Sole Trader or Limited Company—this is one of the most significant decisions you’ll face as a business owner. Each option has its own advantages and challenges. However, understanding how these choices impact your business can save you from...