Can App’s help the small business owner to redress the balance ​ Is your Work-life balance out of balance due to you spending more time...

1. Are you classed as a Small or Medium-Sized Business (SME) ​ There were 5.9 million private businesses in the UK at the start of 2019....

ITEMS TO DO BEFORE TRADING Cont'd 10. BOOKKEEPER, ACCOUNTANT OR DO YOU OWN ACCOUNTS As self-employed you are responsible for the...

ITEMS TO DO BEFORE TRADING Cont'd 10. COMPLETE A SELF ASSESSMENT TAX RETURN So, you have completed your first tax year in addition to...

ITEMS TO DO BEFORE TRADING Cont'd 9. SELF-EMPLOYED ALLOWABLE EXPENSES Running a business, you will incur expenses which if an allowable...

ITEMS TO DO BEFORE TRADING Cont'd 8. SELF EMPLOYED BUSINESS RECORDS After having decided on your product, named your business, contacted...

ITEMS TO DO BEFORE TRADING Cont'd 7. VAT REGISTRATION If your business VAT taxable turnover is under £85,000, there is no need to...

ITEMS TO DO BEFORE TRADING Cont'd 6. REGISTER FOR SELF ASSESSMENT TAX RETURN WHO MUST SEND A TAX RETURN In the last financial year...

ITEMS TO DO BEFORE TRADING Cont'd 4. OPEN A BUSINESS BANK ACCOUNT As a sole trader it is not a legal requirement to have a business bank...

ITEMS TO DO BEFORE TRADING 2. BUSINESS NAME Now you have committed to travelling down the road as being a sole trader (self-employed) you...

ITEMS TO DO BEFORE TRADING 1. CREATE A BUSINESS PLAN You are probably thinking why do I need a business plan it’s my business I know what...

11 STEPS TO SETTING UP AS A SOLE TRADER (SELF-EMPLOYED) According to the Office of National Statistics – Labour Force Survey between...