How to claim parking, tolls and congestion charges as travel expenses
Learn when sole traders can claim parking, tolls and congestion charges as business travel expenses, and what HMRC won’t allow.
New ‘Great British Pitch’ to help UK small firms take their products global
A new Small Business Britain initiative will help UK small firms expand overseas, offering export training and global pitching opportunities.
Getting a mortgage as a sole trader vs. limited company director
If you’re self-employed, you’ll need to prove your income to get a mortgage. Here’s how the process works for sole traders and limited company owners.
How to check if a UK or EU VAT registration number is valid
If you have a new UK or EU customer or supplier, you should check the VAT registration number (VRN) they have supplied is valid. Here are three ways you can do so.
What to do if you accidentally register twice with HMRC as a sole trader
Accidentally registered twice as a sole trader with HMRC? Learn how to fix duplicate UTRs, avoid penalties, and get your Self Assessment record corrected.
Selling up as a sole trader: tax, valuation and practical steps
Step-by-step guide to selling your sole trader business, from working out value and finding a buyer to tax rules and timing your sale.
Critical illness cover if you’re self-employed
Critical Illness Cover pays a lump sum if you’re seriously ill – a key safety net for sole traders and the self-employed.
How to raise money to start and grow your own business
Starting on your own? Explore the main ways to raise money for a new business — from personal savings and bank loans to grants, crowdfunding and investors.
What is the October 5th Self Assessment deadline and what happens if you miss it?
If you became self employed during the previous tax year, make sure you register for Self Assessment by 5th October to avoid HMRC penalties. What happens if you miss this deadline?
Can you claim gym memberships and wellbeing costs as a sole trader?
Find out if you can claim gym memberships, yoga or other wellbeing costs. HMRC’s rules on what’s tax deductible - and what is just a personal expense.