11 Steps to setting up as a sole trader (Self-employed)

ITEMS TO DO BEFORE TRADING Cont'd 10. BOOKKEEPER, ACCOUNTANT OR DO YOU OWN ACCOUNTS As self-employed you are responsible for the following · Keeping records of your business activities i.e. sales, pur

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 completing your business accounts as detailed in Section 8. SELF E

ITEMS TO DO BEFORE TRADING Cont'd 9. SELF-EMPLOYED ALLOWABLE EXPENSES Running a business, you will incur expenses which if an allowable expense can be deducted from revenue income to work out your tax