Believe it or not, there are more than 4.7 million limited companies registered in the UK. This includes the 810,316 incorporations that signed up in 2020/21. Only around 2m are actively trading. But, the number of new companies formed during the previous tax year was a 22% year-on-year increase. Unsurprisingly, that percentage represented the highest[…]
What are the tax implications? People run businesses for a variety of reasons from passion to pride, but making a living is high up the list for most people. How do you go about drawing profit from your business, and doing so efficiently? If your business operates as a partnership or sole trader, the profits[…]
Businesses accepting cash payments of €10,000 or more HMRC under money laundering regulations (MLR).