THE BASICS OF CORPORATION TAX IN THE UK In the same way that individuals are liable to pay personal tax on their taxable income, companies are also liable to pay corporation tax on their taxable profits. Corporation tax does not apply to the profits made by sole traders or regular employees. What is Corporation taxRead more
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By PSI Accountancy | Blog, Small Business Advice, Startup Advice | 2 comments | 30 January, 2017 | 0
What is a Sole Trader? Starting your own business for the first time can be an exciting yet daunting experience. Before you can begin trading there are a number of important decisions you have to make that will affect your business in a number of ways. This ranges from the type and amount of taxRead more
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