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Setting up as a sole trader, self-assessment, expenses and the tax that follows.
11 articles
A guide to claiming expenses when self-employed: allowable costs, simplified flat rates, capital allowances, the trading allowance and record-keeping.
How much tax a self-employed person pays: worked examples of Income Tax and Class 4 National Insurance across profit levels, with effective rates.
How to file a self-employed tax return: registering for Self Assessment, the SA100 and SA103 forms, deadlines, payments on account and Making Tax Digital.
How to pay tax when self-employed: income tax bands, Class 2 and Class 4 National Insurance, Self Assessment deadlines, payments on account and Making Tax Digit
Sole traders do not run payroll on themselves. This guide explains when payroll starts for the self-employed: first hires, director salaries, and PAYE duties.
Can a sole trader claim Employment Allowance? Yes, if they employ staff and pay employer National Insurance. The rules, limits and savings explained.
Class 2 NI for the self-employed explained: the £3.65/week rate, the £7,105 small profits threshold, the benefits it protects, and how to pay via Self Assessmen
PAYE and self assessment are the two main ways HMRC collects income tax in the UK. This guide explains how each system works, who needs each one, and when both
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