There are many ways you can begin your business journey and setting up as a sole trader is one of those options. Here we touch on the fundamentals of a sole trader and look at the registration process.
When you submit your Self-Assessment you can enter your business expenses to offset your income, but they must relate to the allowable expenses set out by HMRC.
The first instalment of our ‘New Business Information’ blog series where we begin to build out the core foundations of a business plan. Stay tuned for our next segment where we analyse risks and take a wider look at the market and introduce interactive tools to kickstart your business journey!