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
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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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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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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Should I Own My Property Through a Limited Company or as a Sole Trader?
27 November 2025
Owning and renting out property can provide a useful (and hopefully reliable) monthly income stream. Your asset should also grow in...
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Can a Sole Trader Have Multiple Businesses?
17 October 2025
As a sole trader, you might well have more than one business. The good news is it’s absolutely fine to do...
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What is a CWF1 Form?
12 September 2025
The CWF1 form is used to register or re-register with HMRC as a sole trader. You can also register as a...
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