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What Records Do I Need to Keep as a Sole Trader?

What Records Do I Need to Keep as a Sole Trader?

by Kate | Sep 11, 2026 | Accounting Basics, Bookkeeping, Making Tax Digital, Self Assessment, Sole Trader Guides

Running a business creates paperwork, even when most of it is digital. Good record keeping makes bookkeeping easier, helps you claim the right expenses and means the information you need is ready when it comes to dealing with HMRC. What records should a sole trader...
Do I Need a Business Bank Account as a Sole Trader?

Do I Need a Business Bank Account as a Sole Trader?

by Kate | Aug 25, 2026 | Bookkeeping, Business Basics, Making Tax Digital, Self Assessment, Sole Trader Guides, Sole Trader Support, Starting & Running a Business

When you start working for yourself, there are plenty of decisions to make.  One question that often comes up is whether you need a separate business bank account, or whether you can continue using your personal account.  For most sole traders, the answer is...
Starting as a Sole Trader: What Do I Need to Do? 

Starting as a Sole Trader: What Do I Need to Do? 

by Kate | Aug 21, 2026 | Bookkeeping, Making Tax Digital, Self Assessment, Sole Trader Guides, Sole Trader Support, Starting & Running a Business

Starting your own business can feel exciting. Then come the questions.  Do I need to tell HMRC? When do I start paying tax? What records am I supposed to keep? Do I need a business bank account?  If you have started working for yourself, getting a few things organised...
Missed MTD? HMRC Could Sign You Up From September

Missed MTD? HMRC Could Sign You Up From September

by Kate | Aug 14, 2026 | Bookkeeping, HMRC, Making Tax Digital, Sole Trader Guides, Sole Trader Support

If you’re a sole trader who should already be using Making Tax Digital for Income Tax but haven’t signed up, there’s an important change coming. From September 2026, HMRC plans to start automatically signing up people it believes should already be within MTD. That’s...
What Happens After Your Quarterly Update?

What Happens After Your Quarterly Update?

by Kate | Aug 11, 2026 | Bookkeeping, Making Tax Digital, Sole Trader Guides, Sole Trader Support, Tax

Your MTD update has been submitted. So, what happens next?  If you have sent your first Making Tax Digital quarterly update, you might be wondering whether there is anything else you need to do.  The good news is that there is no separate tax return to complete after...
Why Monthly Bookkeeping Matters

Why Monthly Bookkeeping Matters

by Kate | Aug 7, 2026 | Bookkeeping, Making Tax Digital, Sole Trader Guides

Let’s be honest, most sole traders don’t enjoy bookkeeping.  That means it often gets left until the weekend, the end of the month, or when a tax deadline starts getting close.  The biggest problem is that bookkeeping doesn’t become easier the longer you...
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Recent Posts

  • What Records Do I Need to Keep as a Sole Trader?
  • How Much Tax Should I Put Aside as a Sole Trader?
  • What Expenses Can a Sole Trader Claim?
  • Do I Need a Business Bank Account as a Sole Trader?
  • Starting as a Sole Trader: What Do I Need to Do? 

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