How to register for Making Tax Digital for Income Tax (MTD ITSA)
Learn how to sign up for Making Tax Digital for Income Tax as a sole trader. Step-by-step guide, software tips, and what you need to register.
Can you have multiple business bank accounts as a sole trader?
Can you use more than one business account as a sole trader? Learn when it makes sense, how to stay organised, and tips for managing multiple accounts.
VAT registration – when should you register for VAT? Try HMRC’s estimator tool
If the 'taxable supplies' of your business over the past 12 months have exceeded the current VAT registration threshold, you must register for VAT. The current registration threshold (as of…
What business expenses can your limited company claim for?
Which expenses you can claim via your limited company, and what to consider when deciding whether it's you or your business that should pay for something.
Can you open a business bank account before you start trading?
Find out if you can open a business bank account before you start trading, and what banks need to see before activating your account.
Can you use a personal bank account for your business – and should you?
Sole traders can use a personal bank account, but should they? Here’s what HMRC says, the risks involved, and when to switch to a business account.
How do pensions work if you’re a sole trader?
Starting a pension to save for your retirement is fairly easy to do. Here’s what you need to know about setting up a pension in 2026/27 as a sole trader.
Can sole traders give to charity and get tax relief?
If you're self-employed, it is easy to make charitable donations, but they aren't treated in the same way as other business expenses.
What National Insurance do self-employed people pay in 2026/27?
Find out how National Insurance works for sole traders, including Class 2/4 rates, how to pay, and how it differs from employee and limited company rules.
How tax works if you’re self-employed (2026/27)
In this guide, we look at the taxes the self-employed pay. We also look at some common mistakes to avoid when it comes to dealing with HMRC.