Accounts & Expenses

Learn which training costs you can claim when self-employed, how HMRC treats them, what records to keep, and where to enter them on your tax return.

As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense?

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.

How to value a business, from earnings multiples to asset valuation. Includes guidance for small firms and sole traders, plus factors that influence price.

Learn how to write an invoice as a UK sole trader, what to include, and how to handle VAT if needed - plus download free templates to get started.

Thinking of hiring an accountant? Here are 15 smart questions to help sole traders choose the right one - plus tips on fees, software, and switching.

Setting the right payment terms helps you get paid faster. Learn what terms to use, how to handle big clients, and what UK law says about late payments.

Unpaid invoice? This guide for UK sole traders explains how to chase late payments, what the law says, and what to do if a client still doesn’t pay.

Can you claim business expenses before registering as self-employed? Find out what HMRC allows, the time limits, and how to record pre-trading costs.