For many traditional office workers the idea of ditching their 9-5 job and becoming their own boss sounds like a dream.

A sole trader, also known as a sole proprietor, is a self-employed individual who runs a business. This is the simplest form of business structure compared to other options, like being a limited ...

The number of bankruptcy filings by sole traders and self-employed individuals continued to increase in February. A total of 58 cases were filed, up 23% from February 2024, according to Statistics ...

Sole traders, farmers and their spouses will have received their pre-completed tax returns in MyTax in the last week of ...

The fastest way to start a business is as a sole trader. You can start trading straight away and have three months to tell HM Revenue and Customs (HMRC) of your self-employed status before you incur a ...

When the new financial year begins, new fiscal measures, such as changes to tax rates, usually take effect, which can have a ...

Some 28% of sole traders have never applied for a mortgage because they believe they will get rejected or the process will be ...

A limited company is the most popular legal structure for operating a business in the UK. Read on to find out more.

Our opinion is our own. Read more on our methodology here. Sole trader bank accounts are designed for self-employed individuals. If you work for yourself, either part-time or full-time ...

When sole traders start earning higher profits, they often hear a common piece of advice from their accountant: “Once your income surpasses $190,000, you should restructure to a company to save ...