Once you’ve decided to enter the world of self-employment, you’ll need to choose whether to operate as a sole trader or limited company. With low admin costs and limited paperwork, the sole trader route is often preferred by those just starting out.
This jargon-free guide will set you up with all the basic knowledge you need to hit the ground running as a sole trader.
What will I learn?
• Pros and cons of being a sole trader
• Registering as a sole trader
• Paying tax and registering for VAT
• Getting paid and claiming expenses
• Getting yourself insured
• Organising your accounts