A sole trader, also known as a sole proprietor, is a self-employed individual who runs a business. This is the simplest form of business structure compared to other options, like being a limited ...

Our opinion is our own. Read more on our methodology here. Sole trader bank accounts are designed for self-employed individuals. If you work for yourself, either part-time or full-time ...

When sole traders start earning higher profits, they often hear a common piece of advice from their accountant: “Once your income surpasses $190,000, you should restructure to a company to save ...

They are usually small in size. Hairdressers, butchers, and electricians often operate as sole traders. Sole traders keep all the profit they make for themselves. They also get to run the business ...

The two most common options for small businesses are operating as a sole trader or setting up a limited company. Each ...

He swapped the factory production line for the freedom of being his own boss and became a sole trader. Put simply, sole traders are the only owner of their business. I'm not a great one for being ...

Helpful tips and advice for sole traders on setting up and managing a small business in the UK, including guides on registration, insurance, tax and vat, plus useful case studies and examples on the ...

Whether you pass the VAT threshold or register for VAT voluntarily, we explain everything you need to know about Value Added Tax Whether or not you need to pay Value Added Tax (VAT) as a sole trader ...