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Self Employed

Articles and news on Self Employed topics from the Small Business archive.

Advice

Should you register as a sole trader or a limited company?

Mart Abramov, CEO of TaxScouts, shares the positives and negatives of being a sole trader or a limited company, so you can make the best choice for your growing business.

Small Business Insurance

Insurance for dog walkers

We'll be looking at what types of insurance you need as a dog walker, along with common extras and exclusions

Setting up a company

How to start a dropshipping business

What is dropshipping, what are the advantages and how do you start a dropshipping business?

Sole trader

7 advantages of being a sole trader

Business formation is one of the biggest decisions you'll make when starting out. Here are seven key advantages of being a sole trader

Sole trader

40% of self-employed earn less than £1,000 a month

One third of self-employed struggling with daily living expenses, especially as energy is a major cost for small businesses

Sole trader

How to save up to £3,000 in tax being self-employed

Changes in the way the self-employed must report tax mean sole traders could face having to pay an additional £3,000 in tax. Becoming a limited company could reduce your tax bill, says Marcin Durlak

Tax

Freelancers could avoid tax because of IR35 loophole

Employers who wrongly classify self-employed as being outside IR35 will have to cover their PAYE and National Insurance, says HMRC, meaning tens of thousands of freelancers could avoid paying any tax at all

Sole trader

Number of self-employed falls one fifth since Covid-19

IR35 taxation changes, Brexit and Covid-19 blamed for choking off rise in self-employment

Tax

Just nine people trialing digital tax for self-employed

This is despite Making Tax Digital for income tax being rolled out to 2.4m people in 2024, many of whom are unaware of what's happening

Sole trader

Becoming self-employed 

Becoming self-employed could mean less income, more responsibility and working longer hours. But freedom and independence cannot be underestimated, says Margaret Wood

News

Reprieve for self-employed having to report tax quarterly

Treasury bows to pressure and delays rolling out Making Tax Digital to self-employed sole traders to April 2024

Sole trader

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Recommended Content

Business Technology

Why you should upgrade your tech now rather than later

To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis

Investing in a franchise

Should I buy a franchise or go solo?

Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.

Partner content

16 ways to improve your business cash flow

Read here for 16 tried and tested tips and tricks to improve potential cash flow problems

Business management

How to create good cashflow habits

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