Sole Trader

Used the right way, your van can be a valuable and tax-efficient business tool. Used the wrong way, it could land you with an unexpected tax bill.

How many of you have noticed how much more difficult it is to open a new business bank account lately?

you're in an incredibly exciting phase

If you're self-employed, you're basically running your own little empire

So, you're taking the leap and becoming a sole trader?

For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income and expenditure must be matched to the accounting period to which it relates

This is the first in a series of updates for Making Tax Digital (MTD)

The UK government offers a £1,000 property allowance, meaning you don't need to pay tax on that income or even declare it to HMRC

Here's a quick overview of the Autumn 2024 Budget.