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

Summary by GISuser.com
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…
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GISuser.comGISuser.com

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…

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Accountants in Sutton ColdfieldAccountants in Sutton Coldfield

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.

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wem.bizwem.biz

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, …

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wem.biz broke the news in on Wednesday, April 2, 2025.
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