Individuals and sole traders

Should you stay a sole trader or set up a limited company? Compare tax, liability, admin and profit levels to decide what’s right for you.

Not sure when you need to register for VAT — or whether you should at all? This practical guide explains HMRC’s VAT registration rules in plain English, including the £90,000 threshold, the rolling 12-month test, voluntary registration, and common mistakes that lead to penalties. Ideal for businesses, start-ups, and charities that want to get VAT right first time.

Making Tax Digital for Income Tax (MTD IT) is changing how self-employed people and landlords report their income to HMRC. Instead of one annual tax return, MTD requires digital records and quarterly updates using approved software. In this guide, we explain what MTD is, who it applies to, when it starts, and how to get ready — without jargon or panic.

Cash flow is one of the most common challenges facing UK businesses — and one of the main reasons many struggle or fail in their early years. At Skyrock Accountants, we often see businesses that are profitable on paper but still under pressure because cash isn’t coming in at the right time. Managing cash flow well isn’t about complex spreadsheets — it’s about visibility, discipline, and forward planning. Here’s how to manage cash flow properly and keep your business in contro

40% Tax Bracket UK: How It Works and How Much You Need to Earn

Side Hustle Tax UK: What Taxes Do Side Hustle Businesses Pay?

What expenses can a sole trader claim? A clear UK guide explaining allowable business expenses, home office claims, travel costs and how to reduce your tax bill legally.