Supporting the self-employed Since 2004

Entertainment expenses for sole traders: what you can and can’t claim

entertainment expenses costs sole trader

Client lunches. Coffee after a meeting. A team meal at the end of a project. Are any of these costs tax-deductible? For sole traders, the tax treatment of “entertainment” has famously strict rules, but there are a few important exceptions. This guide explains what HMRC classifies as entertainment, when the expenditure is disallowable, when staff … Read more

What is ‘turnover’ and how do you calculate it?

what is turnover and how calculate self employed

Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.

Can I register as self-employed while claiming Universal Credit or other benefits?

universal credit self employed

Plenty of people start a small business while still receiving benefits. It might be a side hustle alongside another job, or simply a way to test out self-employment without giving up support completely. The question we’re often asked at ByteStart is: can you register as self-employed while claiming Universal Credit or other benefits? The answer … Read more