February - 2022

carterbookkeeping

Understanding Tax Bands: A Deeper Dive for UK Sole Traders

The UK tax system can be quite a puzzle, especially for newcomers in the business world. For sole traders, wrapping your head around tax...

carterbookkeeping

The Journey of a Sole Trader: A Tax Perspective

The world of business is filled with opportunities and challenges. As a sole trader, you stand at the heart of every decision, guiding...

carterbookkeeping

The Quirky World of Self-Assessment Expenses: What Can and Can't Be Claimed

When the time rolls around for your self-assessment, the dilemma often faced is discerning exactly which expenses are permissible claims....

carterbookkeeping

Domestic 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...

carterbookkeeping

VAT Registration

Do 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...

carterbookkeeping

Bookkeeping 101

Many 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...