Sole Trader – Now What?

Now that you've set up as a Sole Trader (or are thinking about setting up as one), not sure what happens next?

This easy-to-read guide sets out how to manage your tax obligations now that you're self-employed, answering the most frequently asked questions I see new business owners ask:

• When do I have to start paying tax as a sole trader?
• Do I have to file a tax return if I don't make a profit?
• When is my first tax return due?
• What type of tax return do I need to file?
• Can I file it myself or do I need an accountant?
• How much tax will I have to pay?
• What expenses can I claim for tax?
• Do I need a business bank account?
• What records do I have to keep?
• What about VAT?
• What about payroll?

The guide also includes a few case studies to show how it works in real life, together with a handy checklist at the back.

p.s. the cost of this guide is tax-deductible!