If you work for yourself, there’s a strong chance you’re a sole trader. As a popular method of setting up a small business, sole traders make up almost 60 percent of all self-employed people in the UK.
[continue reading…]sole trader expenses
Readers question: I want to open a cleaning company and hire a few people. I am finding it difficult to decide what is the best business structure for me, a limited company or a sole trader? Which would be the best, in terms of tax?
If you’re self-employed (a sole trader) in the UK and carry out some of your work from your own home, then there’s good news for you: you’re likely entitled to include part of the running costs of your home in your accounts.
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