03304455677 info@edgemark.co.uk
Sole Trader Legal Obligations

Sole Trader Legal Obligations

Setting up as self employed The first thing to do as a sole trader is to apply for a UTR number (Unique Taxpayer Reference number) and register as self employed with HMRC. QuickRebates can help you apply for a UTR number. For the current tax year (6th April 2019...
Bookkeeping Obligations when Self Employed

Bookkeeping Obligations when Self Employed

As a self-employed sole trader, you are required to maintain and keep records of your income and expenses to help you prepare your Tax return every April. This is known as bookkeeping and should be a regular activity to help you keep your business finances organised....
Trading as a Limited Company for Higher Earners

Trading as a Limited Company for Higher Earners

What is a Higher Earner? For the purpose of this article we have defined a higher earner as a self-employed individual that earns over £25,000 – £30,000 a year. This is a lot lower than HMRC’s definition of a higher rate Tax payer of £50,000 where the Tax rate...
Self Employed Guide for Sole Traders

Self Employed Guide for Sole Traders

Being self-employed is slightly different to working for an employer but are you aware of your legal requirements after registering with HMRC and receiving your UTR number? This self employed guide will discuss the requirements expected from you as a self employed...

Starting a New Limited Company – Your Responsibilities

If you are reading this article, you’ve either just started a new limited company or possibly looking at this option of trading rather than that of a sole trader. Typically the reasons for using a limited company would be to reduce your Tax burden, but running a...
Using Company Funds for Property Investing

Using Company Funds for Property Investing

Property investing has always been conceived as a fairly safe way for generating long term gains. Particularly in the recent environment with the Bank of England base rate being at the lowest point in history (0.1%), there are some extremely cheap financing deals to...
Switching Accountants

Switching Accountants

Switching Accountants Isn’t Actually That Hard, Why? There are lots of reasons why you might want to switch accountants. Expensive, little communication, hard to get hold of, perhaps you feel they’re not being pro-active with your Tax position. Whatever...
Sunderland v Portsmouth Competition

Sunderland v Portsmouth Competition

To celebrate the opening of Edgemark Accounting we have the pleasure to offer two free tickets to the final Sunderland AFC game of the season against Portsmouth on the 27th April 2019. Following their defeat against Portsmouth in the final at the Checkatrade Final on...