ICAEW and X-Forces Business Advice Series: Tax For Small Businesses
Accounting records to satisfy the tax authorities Legally you have to keep accounting records for your business. This is so you can fill in your tax return and show the figures are right. Good records will help you run your business more efficiently. The remainder of this article focuses on the accounting records to satisfy […]
ICAEW AND X-FORCES BUSINESS ADVICE SERIES: WHAT BUSINESS FORMAT SHOULD A START-UP ADOPT?
What business format a start-up adopts will affect the amount of tax the start-up pays. It will also impact other areas such as liability for losses, so it should be decided after consideration of the issues. There are three basic business formats. Sole trader This gives you complete control and fewer administrative burdens. But, you […]