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Should I Set Up as a Sole Trader or Limited Company?

Should I Set Up as a Sole Trader or Limited Company?

by Gareth Thomas | Mar 6, 2025 | Accounting, Business, Taxes

Thinking of starting your own business? Going it alone as a sole trader is one of the easiest ways to get up and running—but before you jump in, there are a few important things to consider. From registering with HMRC to understanding tax and National Insurance,...
What Are the Tax Implications of Being a Sole Trader in the UK?

What Are the Tax Implications of Being a Sole Trader in the UK?

by Gareth Thomas | Dec 4, 2024 | Accounting, Business, Finance, Taxes

Starting your own business is an exciting adventure, but choosing the right structure is crucial. One of the simplest ways to get up and running is to operate as a sole trader. But what does that mean, and what are the tax implications? Let’s break it down. Taxes You...

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