What Taxes Do Sole Traders Pay?

The simplicity of running a business this way means it’s no surprise that setting up as a sole trader is one of the most popular business structures in the UK. But where do sole traders stand when it comes to paying taxes? We’ll take a look at what you need to pay as a sole…

Bookkeeping for Your Side Hustle

With the cost-of-living soaring, many of us are looking to make a bit of extra cash in our spare time. After all, there’s more opportunity to earn money online than ever. But before you jump in, it’s worth doing your homework, especially around bookkeeping and tax. We’ve put this article together to get you started…

Top Bookkeeping Terms Explained

When you’ve spent a chunk of your working life employed, things like bookkeeping and accounting never usually come up – out of sight out of mind, as they say. It’s a safety net we often take for granted until we’re newly self-employed and the responsibility of managing our taxes (along with all the jargon that…

Bookkeeping for Contractors: What You Need to Do and When

Becoming a self-employed contractor is a huge step in your career, especially if you’re moving away from the relative comfort of employment. You might feel a bit nervous, but this is such an exciting time with the freedom to set your own hours, focus on projects you feel passionate about, or even decline work. And…