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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.

Topics include:

- 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

The best accounting advice

Our accredited team are on hand to help you choose the best package

We understand that it can be difficult deciding whether or not to switch accountants, but at Crunch we’ll offer you fair, unbiased advice on what’s best for you.

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