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.
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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UK Tax Rates, Thresholds and Allowances for the Self-Employed
22 June 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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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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What Type of Legal Structure Should I Choose When I Start a Business?
13 February 2026
The structure you choose when you start a business affects how the business operates, the amount of tax you pay, how...
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Taxi Drivers and Tax Returns
23 January 2026
Whilst taxi drivers might once have worked for a cab firm as traditional employees, these days you’re more likely to operate...
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How Do Sole Traders Register for Self Assessment?
8 January 2026
Depending on how much you earn as a sole trader, you might need to register for Self Assessment so you can...
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Architects and Tax
28 December 2025
Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry...
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