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Starting your own business as a self-employed individual can be an exciting and empowering experience. However, it comes with its own set of challenges, one of which is managing your finances. Proper accounting is essential to ensure that your business runs smoothly, remains compliant with tax regulations, and remains…

A sole trader business, also known as a sole proprietorship, is the simplest and most common form of business structure. It is owned and operated by one individual who is entirely responsible for its operation, profits, and liabilities. This business model is popular due to its straightforward setup…

Welcome to our comprehensive guide on invoicing if you are a sole trader! This is your one-stop-shop for understanding the ins and outs of creating, managing, and dealing with invoices. That’s right, we’ll show you how to invoice as a sole trader. …

Whether you’re a sole trader or part of a limited company, understanding your tax obligations is crucial. So you might be wondering, do sole traders pay corporation tax?  In this comprehensive guide, we’ll also explore the benefits and drawbacks of being…

IR35, or off-payroll working, is a tax legislation introduced by HMRC (Her Majesty’s Revenue and Customs) to address the issue of “disguised employment.” This legislation applies to contractors working through an intermediary, often a limited company, and ensures that they are taxed similarly to employees if they are working…