Sole Trader
Resources and information for self-employed sole traders working for themselves in business. Find out what you need to know about keeping records, managing your accounts, registering for and paying tax, as well as help and guidance on claiming expenses, grants and support as a sole trader.
UK Tax Rates, Thresholds and Allowances for the Self-Employed
20 August 2026
Read our guide to the current UK tax rates and thresholds affecting sole traders, limited companies, partners and partnerships, employers, and...
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Can You Employ People as a Sole Trader?
8 August 2026
Being a sole trader doesn’t mean you have to do everything by yourself. Any type of business owner can employ someone...
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Should I Register Myself as a Sole Trader or a Limited Company?
27 July 2026
When you decide to start your own business, one of the first big decisions most entrepreneurs face is deciding whether to...
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What Am I Allowed To Do In Business If I’m Made Bankrupt?
20 July 2026
Bankruptcy is a traumatic event which can have significant implications for the future, particularly if you run a business. We explain...
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Is It Cheaper to Be a Sole Trader or Limited Company?
7 July 2026
Factors such as how much you earn, and the industry you operate in are all at play when considering what type...
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What Happens When A Business Owner Dies Unexpectedly?
24 June 2026
As well as being an emotional time, the practicalities of what to do if a business owner dies can be confusing...
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Does a Sole Trader Need to Register for VAT?
19 June 2026
The requirement to register for VAT depends on how much money your business makes in any 12 month period, rather than...
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Can I Use the Trading Allowance?
17 June 2026
You can use the trading allowance even if you receive an income from other sources, such as an employer. For example,...
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Does a Sole Trader Need to Register with Companies House?
12 June 2026
The quick answer is no; sole traders don’t register with Companies House in order to become self-employed. In this short article...
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Bookkeeping for Sole Traders
24 April 2026
Becoming a sole trader is exciting, but before you start it’s important to understand what being one actually means, as well...
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Accountants for Barristers
18 April 2026
Whether you’re training to become a barrister or already in practice, managing your tax returns and ensuring your tax bill is...
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How Do I Pay Myself From My Own Business?
16 March 2026
If you run your own business then it's very likely that you'll want to pay yourself at some point! The way...
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