Starting out as a Sole Trader: The ultimate guide

Posted on Jul 22nd, 2016 | Cashflow

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.

Download your free guide

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 covered include:

  • 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

Ready to learn more? Download your free guide today.

Complete online accounting for just £29.50/month

If you decide to go down the sole trader route, we can help with your accounts for as little as £29.50+VAT per month.

Along with fantastic online software to take care of all your expenses and invoices, you’ll get your own Client Manager and unlimited access to our accredited accountants. All for less than the average mobile phone bill!

Interested? Find out more!

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Written by Jake Smith

Useful tools and resources

Business guides

Business guides

From understanding expenses to starting a limited company, we've a range of jargon-free business guides for you to download and keep.

Invoice templates

Invoicing software and templates

Create, send and store sole trader invoices in a snap with our free invoice software. You can also download a selection of invoice templates for all business types.

Take-home pay calculator

Take-home pay calculator

Use our Take-Home Pay Calculator to work out your true earnings and see if you could save money with a different company set up.

We make accounting simple

With Crunch, you’ll have unlimited advice and support from your dedicated client manager and our team of accountants, alongside innovative online accounting software so you can keep on top of your bookkeeping with ease. No appointments, no fuss.

Find out more
Our expert limited company accountants at Crunch