How to write a quote email – template for sole traders and freelancers
How to respond to client enquiries with a clear quote. Includes a free email template for sole traders, freelancers and small business owners.
Accounts & Expenses
Keeping on top of your accounts is a basic part of working for yourself.
This section covers recording expenses, tracking income, preparing invoices, choosing accounting software and keeping the records you need for Self Assessment.
Making Tax Digital is also changing how many sole traders keep records and report their income to HMRC. Our Making Tax Digital guide explains who must follow the rules and what you need to do.
Whether you handle the bookkeeping yourself or use an accountant, understanding the basics will save you time and help you avoid expensive mistakes.
Making Tax Digital
Bookkeeping and records
Invoices and payments
Accounting software and accountants
- Find the best self-employed accounting software
- Accounting software versus spreadsheets
- Do you need an accountant if you’re self-employed?
- Do you still need an accountant if you use Xero or FreeAgent?
- How much should a self-employed accountant cost?
- Compare sole trader accountants
- Can you run your business using only Xero?
- How to switch accountants as a sole trader
Claiming business expenses
- What expenses can you claim as a sole trader?
- How simplified expenses work
- Claiming home office expenses
- Mileage allowance explained
- Travel expenses for sole traders
- Training expenses explained
- Equipment and tool expenses
- Are accounting fees tax deductible?
- Are software subscriptions tax deductible?
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One of the most useful pieces of advice that established entrepreneurs give to people starting their own businesses is, ‘ Cash is king.’ It doesn’t matter what business you’re in and how profitable it is; if you run out of cash, your business will struggle to continue. If you can’t pay suppliers, you’ll have nothing … Read more