Tag: HMRC Taxes

Guide to setting up as a Sole Trader

Published on February 19, 2021

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.

Taxes to pay as a Sole Trader

Published on February 12, 2021

Sole traders are usually liable for Income Tax and National Insurance Contributions (NIC) which are calculated on HMRC’s Self Assessment and are based on on taxable profit thresholds.