Tag

Sole Trader

Articles and guides for UK sole traders, featuring expert advice on the specific tax and legal obligations for persons operating under this type of business structure.

Accounting

Sole traders increasingly avoid charging VAT

Tens of thousands of small businesses deliberately stay small to avoid charging VAT, which means you have to hike prices if you wander over the £85,000 threshold

News

Sole traders face being named if they took out Covid-19 loan

Tribunal could decide this week if the names of 1.7bn small businesses that took out Bounce Back Loans should be made public – leaving sole traders potentially vulnerable to fraudsters

Accounting

Bookkeeping when you’re a sole trader

What’s the difference between bookkeeping and accounting? Do you even need to do bookkeeping as a sole trader? Kate Gloudemans answers your questions

Sole trader

Can I switch a limited company to sole trader?

Yes you can, says Simon Thomas of Ridgefield Consulting. But you have to follow these steps to wind up your limited company first

Sole trader

What is a sole trader? A small business guide

Emily Coltman, chief accountant at FreeAgent, investigates one very popular structure for new business owners: sole tradership

Sole trader

Can two people run a sole trader business?

Can two people run a sole trader business and can you register a newly formed limited company as 'dormant' and start off as 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

Starting a Business

Choosing your business ownership structure

It is important to consider every aspect of your business requirements before choosing a business ownership structure, says Stephen Newman of Ramsdens Solicitors

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

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

Sole trader

Ceasing trading if you’re a sole trader – what to do

What do you need to do as a sole trader if you decide to wind up your business? Emma Twynholm of Hillier Hopkins offers a step-by-step guide

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

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Employing & managing staff

The importance of vocational rehabilitation services for SMEs

In Aviva’s latest SME research*, 57 per cent of employers surveyed agreed that nowadays employees expect benefits to protect against loss of income or earnings. What do you offer your people?

Partner content

What are the benefits of business broadband?

Business broadband offers a host of advantages over standard domestic connections, here’s why you should be considering an upgrade

Partner content

How should I select my business broadband provider?

As with any supplier, it’s important to do your research and ask important questions before you select a broadband provider for your business. But what are the must-have things you should take into consideration?