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Accountancy Advice

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HMRC Personal Income Tax

The Income Tax Personal Allowance is an amount of money you are allowed to earn per year without paying tax. Tax is paid on any amount over this Personal Allowance.
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Should I Register For VAT?

If throughout the course of a rolling 12 month period your turnover exceeds the VAT registration threshold (which is currently set at £83,000), legally you must be VAT registered.
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Should I be a Sole Trader, Partnership, LLP or Limited Company?

When starting up your business, deciding on your business’s structure is essential.
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