Operating as a sole trader is a good way to get your foot on the business ladder. In order to start working for yourself, you will need to register as self-employed with HMRC. You should register the moment you start out to avoid incurring any financial penalties and to ensure you pay the right amount of National Insurance. Unlike running a limited company, sole traders don’t need to register with Companies House and deal with the administration that comes with it.
How do we make sure you’re well looked after as a sole trader?
We have a full range of services in place to provide peace of mind, from bookkeeping and profit & loss accounts, to cloud accounting and Self Assessment tax returns. What’s more, we’re fully-equipped to advise you on the benefits and pitfalls of running your own company and can provide ongoing support if you need it.