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.
Business Asset Disposal Relief (BADR) – was 10%, now 14%, rising to 18%
Business Asset Disposal Relief (BADR) reduces your capital gains tax bill if you sell your business. How does BADR works and what are the current rates?
Eye tests and glasses for the self-employed: what you can claim
Practical guide for sole traders and the self-employed on claiming eye tests and glasses as business expenses. Explains how HMRC’s strict rules work.
Phone and internet expenses for sole traders: HMRC rules and allowances
Most self-employed people rely on the same phone and broadband for both work and personal use. You can usually claim back part of the cost as a business expense, but…
Does your small business need tax investigation insurance?
Tax investigation insurance is a type of policy which provides financial cover in case your small business is subject to an HMRC enquiry.