Basic business structures

Basic business structures

It is important to be aware of the main basic business structures available if you are considering starting a new business. There are three commonly used forms of business structure.

A sole trader – this is the simplest way of starting and

What is a joint venture?

What is a joint venture?

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their separate identities. The parties to the joint venture usually bring together different resources and areas of expertise to help fulfil a specific

MTD Explained: watch our videos

Making Tax Digital (MTD) will change the way you need to interact with HMRC. The subject can be quite confusing, though, and that’s why we’ve created two videos to explain the main points, and to help ensure you get up to speed with the changes in good...
Don’t have a taxing Christmas

Don’t have a taxing Christmas

As festive season approaches, we know that the last thing you want to do is put down the mulled wine and start doing your tax return. However, most tax experts would agree with us in saying that by sitting down early and doing your return in a relaxed manner, you are...
When you can utilise overlap relief

When you can utilise overlap relief

The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date, to which accounts are prepared annually, falls between 31 March and 5 April. However, overlap profits can arise where a business