Is It A Trade Or A Hobby?

Many people have hobbies that generate money, such as buying and selling items at car boot sales or on eBay. It may seem paradoxical that some individuals seek to claim that an activity is a taxable trade, rather than a non-taxable hobby. However, this appears to be...

Service Companies- Can They Help?

Individuals who operate their businesses as sole traders or partnerships may sometimes wish that they operated through a company instead. For example, changes to dividend taxation from April 2016 include an income tax rate of 0% on the first £5,000 of dividend income....