sole trader

  1. S

    Self Assessment January

    I’ve noticed most Self Assessment stress comes from: – paperwork being spread everywhere – uncertainty over what counts as an expense – misunderstanding HMRC letters – missing or almost missing deadlines The tax itself usually isn’t the problem — it’s the admin. If anyone wants it, I made a...
  2. K

    Tax Guidance for an E-commerce Business Run by a Minor

    Hello, I am 14 years old and have recently started a small business selling goods on eBay. Since eBay requires account holders to be 18 or over, the account is registered in my parent’s name and linked to their bank account, with their personal details such as name and National Insurance number...
  3. P

    Going back to Sole Trader? Companies House removing abridged accounts

    2 days ago a date was announced: https://changestoukcompanylaw.campaign.gov.uk/changes-to-accounts/ Due to these upcoming changes we will no longer be able to file abridged/filleted accounts for micro-entities (or any other), resulting in zero financial privacy This is not a problem for...
  4. BookishHelp

    Promo goods from China to UK as a sole trader

    Hi there! I have just purchased six packages from China of promotional items to give away as free goodie bags at some upcoming events. These are relatively small purchases - the most expensive was around £500. The total order includes 200x bookmarks, 200x pins, 200 bags, 200 cups, 200...
  5. N

    Sole trader & Trading Name(s)

    Afternoon Peeps, Apologies for this as sure I know the answer already.... I'm a Sole Trader - VAT Registered in my own name but I trade under another name related to the items I sell. I'm looking to start selling other items that are in a different area/category (not sure what to call them...
  6. Lisa Cummings

    Sole Trader since May 2024

    This is going to sound really stupid, but I cannot remember if I registered as a sole trader or not, would I have received any mail from HMRC? On my online tax account I have my UTR, though I was a self employed courier years ago. I am now an online trader, I remember when I first looked I...
  7. J

    Reverting Ltd back to sole trader - Am I obliged to have traded through the Ltd business?

    I've realised I've made a mistake in converting my sole trader business in to an Ltd and am looking to convert back to sole trading. I registered my Ltd at the end of Dec 2023 but noted in the application I did not intend to trade through it until April 2024 for easier tax filing purposes...
  8. A simple guide to registering as a sole trader

    A simple guide to registering as a sole trader

    Starting your own business is an exciting venture, symbolising a step towards independence and the realisation of personal goals. For those in the UK taking their first steps into the business world, registering as a sole trader is a straightforward process, but one that requires attention to...
  9. How to check if someone is really registered as a sole trader in the UK

    How to check if someone is really registered as a sole trader in the UK

    In the ever-evolving landscape of business, the importance of transparency and trust cannot be overstated, especially when it comes to partnerships or transactions with sole traders. When working with a sole trader you might find yourself asking: "How can I verify if an individual is genuinely...