Setting up as a Sole Trader
Thinking about leaping into the wonderful world of self-employment? Good for you! One of the first decisions you’ll need to make is whether to operate as a sole trader or limited company.
While limited companies offer more protection and are generally more tax efficient, the low running costs and limited admin work of the sole trader structure means it’s often preferred by those just starting out.
If you want to know more about what it means to be a sole trader, our jargon-free guide will set you up with all the basic knowledge you need to hit the ground running. Best of all, it won’t cost you a penny.
- Pros and cons of being a sole trader
- Registering as a sole trader
- What tax you pay as a sole trader
- Registering for VAT
- Getting paid and claiming expenses
- Getting yourself insured
- Organising your accounts