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Considering whether to operate as a sole trader or a limited company? Our blog outlines the key differences, including tax differences, liability, and admin requirements. We have broken down the main pros and cons of each structure and can support you with any further questions.

From 2025, Companies House will require all company directors, PSCs, and those filing on behalf of companies to complete identity verification. These ID verification checks will be phased in from autumn 2025, with the aim of reducing fraud and improving the accuracy of the public register.

Our blog covers the April 2025 legislative changes that will affect IR35 and shift status determination back to contractors for more clients. We have also explained key factors for assessing IR35 status and the benefits of being outside IR35. At Sherwin Currid we offer expert support to help contractors stay compliant and tax efficient.

Chancellor Rachel Reeves’ Spring Statement 2025 focused on economic updates rather than major tax changes. Key announcements included increased defence spending, welfare budget cuts, and updates on the crackdown on tax avoidance. From April 2025 changes announced previously be the Labour Government will also take effect such as Employer NICs and Capital Gains Tax changes.

The Autumn Budget 2024 introduces increased employer NICs, CGT rate hikes, and Stamp Duty surcharges, impacting small businesses, contractors, and property investors. With expanded Employment Allowance and a commitment to digital tax compliance, these changes aim to boost public funding while posing new financial considerations for UK businesses and investors.

Discover the benefits of voluntary VAT registration, from reclaiming VAT on business expenses to enhancing your company’s credibility. Learn how to navigate different VAT schemes and streamline compliance with expert guidance from Sherwin Currid.

With the General Election taking place this week, contractors will be keeping a keen eye on the election campaign coverage to see how their finances will be affected. If you are a contractor, it is vital to know which parties have made pledges that may affect your work.

Cloud accounting software can help small business owners and contractors easily manage their finances. This blog details what cloud accounting is and how it can help you to improve your business.

Starting a business as a sole trader comes with many advantages, but it also means that you are personally responsible for your business’s finances. One of these responsibilities includes registering for VAT if your turnover exceeds the threshold set by HM Revenue and Customs (HMRC).

We have summarised the general election tax policies that parties have outlined in their campaigns so you can look out for potential changes.

With the deadline for P11D approaching it is important for employers to know the essential details about P11D forms and benefit in kind.

The beginning of 2024 has seen people who earn extra income through online trading on websites such as eBay, Vinted, etsy and Depop become concerned about the changes to reporting requirements of online marketplaces