carterbookkeepingUnderstanding Tax Bands: A Deeper Dive for UK Sole TradersThe UK tax system can be quite a puzzle, especially for newcomers in the business world. For sole traders, wrapping your head around tax...
carterbookkeepingThe Journey of a Sole Trader: A Tax PerspectiveThe world of business is filled with opportunities and challenges. As a sole trader, you stand at the heart of every decision, guiding...
carterbookkeepingThe Quirky World of Self-Assessment Expenses: What Can and Can't Be ClaimedWhen the time rolls around for your self-assessment, the dilemma often faced is discerning exactly which expenses are permissible claims....
carterbookkeepingFeb 16, 20221 minDomestic Reverse Charge - What Is It?The VAT domestic reverse charge procedure is an anti-fraud measure designed to counter criminal attacks on the UK VAT system by means of...
carterbookkeepingFeb 3, 20222 minVAT RegistrationDo I need register with HMRC for VAT? You must register with HMRC for VAT when your sales turnover reaches the VAT threshold of £85,000...
carterbookkeepingFeb 3, 20222 minBookkeeping 101Many new business owners tend to take on all roles of the business in order to have more control and to save on money until such time...