Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
What is a limited company?
A limited company is a separate legal entity from its owners, with its own tax position, limited liability and a formal structure for running a UK business.
What’s a sole trader?
A sole trader is a self-employed individual where the business and the owner are the same legal entity, with profits taxed as personal income through Self Assessment.