Top 10 tax deductible expenses for sole traders
The one question I get asked the most often by sole traders is what expenses can be charged against business profits for tax purposes. This blog lists some of the most important tax deductible expenses. (please note that the below applies to sole traders, not to...Small business accounting – tax for sole traders
What taxes you may have to pay as a sole trader? 1. Income tax As a sole trader, your business profits are taxed as trading income. This means you have to complete a Self Assessment tax return every year. You need to register for Self Assessment. This means that HM...Starting up in business – what structure should I choose?
So. You’ve come up with the best business idea of the year, you’ve sounded it out with your friends, you’ve decided to go for it. The big question is how to get started. One thing you need to think about right at the start is how to structure your...Follow Starfish Accounting
