Sophie Daykin, Author at Daykin Scott - Page 2 of 2

Sophie Daykin

October 14, 2024

Taxation for Freelancers and Contractors: A UK Guide

If you're a freelancer or contractor in the UK, it's crucial to understand your tax obligations. Unlike employees who have their taxes deducted from their pay, freelancers and contractors are responsible for self-assessment. This means you'll need to calculate and pay your income tax and National Insurance contributions (NICs) directly to HMRC.
October 10, 2024

Understanding UK Statutory Accounts: What every SME should know

As a small or medium-sized enterprise (SME) in the UK, understanding statutory accounts is essential to your financial health and legal compliance. Statutory accounts, also known as annual accounts, are a legal requirement for all limited companies registered in the UK.
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