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Financial Insights
Summary of New Tax Rules for Sole Traders in 2025United Kingdom (UK)1. Income Tax Deadlines and PaymentsPayments on account:31 January 2025: Final payment for the 2023/24 tax year and first paymen
1. Income Tax Deadlines and Payments Payments on account: 31 January 2025: Final payment for the 2023/24 tax year and first payment on...
SMETogether
Feb 112 min read
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Structural Considerations for Long-term Tax Efficiency for Sole Traders
Selecting the right business structure  is one of the most critical decisions for a sole trader seeking long-term tax efficiency, growth,...
SMETogether
Feb 114 min read
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Compliance and Record-Keeping for Sole Traders
Maintaining compliance with UK tax regulations  is a critical responsibility for sole traders. Proper record-keeping, adherence to tax...
SMETogether
Feb 113 min read
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Optimizing Profit Extraction for Sole Traders
While sole traders do not have access to dividend payments  like limited company directors, they can still implement strategic profit...
SMETogether
Feb 104 min read
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