by Kate | 2 Oct, 2026 | Bookkeeping, Business Advice, Sole Trader Accounting, Sole Trader Guides, Sole Trader Tax
Money comes into your business. Money goes out. But how much have you actually made? That’s where understanding the difference between turnover and profit matters. As a sole trader, you’ll hear turnover and profit mentioned regularly. They mean different things, and...
by Kate | 25 Sep, 2026 | HMRC, Self Assessment, Sole Trader Accounting, Sole Trader Guides, Starting & Running a Business, Tax, Uncategorized
Started working for yourself? Whether you call it freelancing, a side hustle or running your own business, there comes a point when HMRC needs to know about it. If you earned money as a sole trader during the 2025/26 tax year, you may need to register for Self...
by Kate | 18 Sep, 2026 | Accounting Basics, Business Basics, Growing Your Business, Sole Trader Accounting, Tax, Uncategorized
VAT can sound like something you only need to think about when your business gets “big”. But if your income is growing, it’s worth understanding the rules before VAT registration becomes something you need to deal with quickly. Here’s the simple version. When...
by Kate | 28 Aug, 2026 | Bookkeeping, Self Assessment, Sole Trader Accounting, Sole Trader Guides, Starting & Running a Business, Tax
Running a business costs money. Tools, software, travel and other everyday business costs can all affect how much profit you pay tax on. But not everything you spend counts as a business expense. Here’s what you need to know. What is an allowable expense? An...
