If you’re self-employed you may wonder if it’s possible for sole traders to employ people. The short answer is that they can. It’s quite rare for sole traders to employ…
National Insurance Contributions (NIC) were reduced in the latest Autumn Statement from the Chancellor. And it means employees and the self-employed will be paying less in NICs. The cut may…
Cash might be king but in the days of digital some business owners wonder, ‘Should I still use petty cash?’ With the ease of card and mobile transactions, you’d be…
Plans to introduce Making Tax Digital for the self-employed and those filing self-assessment have been pushed back two years. And the threshold for those who must file their accounts digitally…
Most people in business worry about the taxman looking into their affairs. But how does HMRC make the decision to investigate the self-employed? Investigating sole traders may appear to be…
Getting paid is essential for a healthy business but invoicing errors can sometimes create issues that hits your bank balance. If invoices remain outstanding for a long period, your bills…
Business owners need to keep in touch with clients and suppliers so a phone is necessary – but what about mobile phone expenses? While an office landline is straightforward and…
Becoming self-employed is a bold step and you may be wondering whether you need a business bank account.Looking after your finances is essential if you are working for yourself because…