Setting Up a Limited Company vs. Sole Trader for TikTok Influencers (UK Tax Pros/Cons) - GIS user technology news

Setting Up a Limited Company vs. Sole Trader for TikTok Influencers (UK Tax Pros/Cons) - GIS user technology news

The rise of TikTok has turned everyday creators into digital entrepreneurs, with some earning six-figure sums from brand deals, affiliate marketing, and platform incentives. As earnings grow, a pressing question emerges: should influencers operate as sole traders or form limited companies? The decision carries significant weight, impacting everything from tax bills to personal liability. For […] The post Setting Up a Limited Company vs. Sole Tra…

900,000 sole traders pulled into MTD for ITSA | Accountants in Sutton Coldfield

Robb & Co is an independent firm of chartered accountants and specialist tax advisors based in Sutton Coldfield, West Midlands.

900,000 sole traders pulled into MTD for ITSA

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This latest extension means that an additional 900,000 sole traders must adopt digital record-keeping and quarterly tax submissions by this deadline. Who is affected and when? Mandating digital record-keeping allows HMRC to enhance compliance and streamline reporting for taxpayers and the tax authority, …