amir

If you are already self-employed, you will be aware of self-assessments and your self-assessment tax bill. Many find it a stressful part of being self-employed, having to keep on top of incomings and outgoings throughout the year to ensure you submit an accurate assessment. What makes this even more difficult is if you are used […]

You probably didn’t start your business because you love bookkeeping. And you probably do your own bookkeeping to save money, but the benefits don’t end there. Regularly entering your income and costs into your financial records can give you a far better understanding of your business income and spending, so you can judge how well […]

Setting up as a sole trader is the most popular way of starting up a new business in the UK. It’s especially common amongst those going into business on their own for the first time. Starting your business as a sole trader has a number of advantages. These must be set against the disadvantages of […]

Running a business as a sole trader means taking responsibility for its operations, decisions, and functionalities, from inventory management to sales, profit and loss. It is the simplest business structure in the UK; hundreds of sole traders sprout yearly. However, only one-third of the businesses survive the competition. One of the primary reasons is the […]