Accounts & Expenses

Sole traders can claim advertising and marketing expenses against their taxable profits if the costs are wholly and exclusively for business purposes.

Can sole traders claim bank fees, overdraft and loan interest as expenses? What is allowable, what is not, and how to include costs in your tax return.

If you start a business as a sole trader, you need to set up an accounting system to record your income and expenses, and work out how much tax to pay.

With HMRC's Making Tax Digital (MTD) for Income Tax coming soon, the frequency of filing returns will increase quite dramatically for the self employed.

On this page, we have added some links and details of sole trader accountants we have worked with for many years at ByteStart. Compare fees and features.

Key tax and accounting deadlines for sole traders, including Self Assessment, MTD, VAT, payments on account, and more – with tips to avoid penalties.

Sole traders can choose from a host of online accounting software packages. These tools help manage your finances adn come packed with time-saving features.

A practical guide to card readers for sole traders, including how they work, what they cost, and when in-person card payments are useful.