As a sole trader, you pay yourself through personal drawings from your business. We recommend that you use a business bank account, as you’ll need to keep records of these drawings, as well as of your sales and expenses.
This is an ultimate guide to help you understand if you should register as a sole trader, the advantages/ disadvantages of operating as a sole trader, and all your tax obligations when becoming self employed.
- What is a sole trader
- Sole trader advantages
- Sole trader disadvantages
- Sole trader disadvantages
- How to register self employed
- Self employed tax
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Get a free accounting consultation to discuss your company accounting needs
Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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Read More Self Employed Guides below:
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