by Kate | 12 Oct, 2026 | Payments On Account, Self Assessment, Sole Trader Guides, Sole Trader Tax, Tax Deadlines
You know you’ll need to pay tax on your sole trader profits. But when does HMRC actually expect the money? For many sole traders, the surprise isn’t how much tax they owe. It’s when they have to pay it. Here’s how the deadlines work, wherever...
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 | 4 Sep, 2026 | Managing Your Money, Self Assessment, Sole Trader Guides, Sole Trader Tax, Starting & Running a Business
When you work for yourself, tax is not taken from your income before it reaches your bank account. That means part of the money coming into your business may need to be kept aside for HMRC. So, how much should you save? Start with 20% to 30% As a general starting...
