Self-Employment in the UK: Key Takeaways from Our Session
The recent session on self-employment covered essential steps for starting and managing a business in the UK. The session was led by two experts: Liliya Scott, a legal consultant, and Violetta Lozyuk, an export and finance consultant. Attendees gained insights into business registration, financial reporting, and practical steps for growth.
Key Topics Included:
Business Registration & Structure: Clarified the types of business registration and what’s suitable based on individual circumstances.
Self-Employment Basics: Explained eligibility for self-employment, whether self-employed individuals can hire employees, and the importance of keeping accurate expense records.
Tax Reporting & Digital Transition: Covered UK tax reporting deadlines, upcoming digital tax requirements (Making Tax Digital), and the different types of accountants and their roles.
Insurance & Costs: Discussed the importance of business insurance, typical costs, and considerations for protecting a business.
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