Managing your own business as a sole trader comes with freedom and flexibility, but it also means that all responsibility for financial tracking rests on […]
Sole trader
Basis Period Reform Explained: What UK Sole Traders and Partnerships Must Know
If you’re a business owner who pays tax through Self Assessment, the term “basis period reform” may not yet be on your radar. It’s not […]
Top 20 Tax and Accounting Terms Every Sole Trader Needs to Know
You may be confident in your skillset or profession, but when it comes to the financial side of your business, tax and accounting terminology can […]
Complete Tax Guide for Sole Traders Launching a Business
Starting your journey as a sole trader is both exciting and challenging. You gain the freedom to be your own boss, but with that freedom […]
How Much Should Sole Traders Save Monthly for Taxes? A Practical Guide
For many sole traders, receiving a large unexpected tax bill is one of the most stressful aspects of self-employment. Unlike employees who have tax automatically […]
Can You Write Off Christmas Client Gifts and Staff Parties as a Sole Trader?
As the festive season approaches, many self-employed individuals face the dual pressures of wrapping up business for the year and preparing for Christmas celebrations. It’s […]