When Do You Need to Register for VAT?

When Do You Need to Register for VAT?

When Do I Need to Register for VAT? VAT registration can feel confusing when your business starts to grow. Many sole traders, limited companies and small business owners are unsure when they need to register, how the VAT threshold works, and what happens if they...
What Expenses Can I Claim As a Sole Trader​

What Expenses Can I Claim As a Sole Trader​

What Expenses Are Sole Traders Allowed to Claim? If you are self-employed, some of the costs of running your business can be claimed as expenses. These are known as allowable expenses. They reduce your business profit, which can also reduce the amount of tax you need...
Do I Need an Accountant as a Sole Trader?

Do I Need an Accountant as a Sole Trader?

Do you need an accountant? If you work for yourself, you may wonder whether you really need an accountant. The short answer is no, there is no legal rule that says a sole trader must use an accountant. You can manage your own records, complete your own Self Assessment...