It can be daunting starting a new business, especially when you have no-one else to bounce ideas around with. There will many questions you will have depending on the industry you choose to supply in. Here are some tips (with useful links in the text) on how to go about starting business as a sole trader: You must register as self-employed no later than the 5th October after the end of the tax year in which you became self-employed. For example, if you started your business i

Should I open a company or stick with being a sole trader? I hear this question come up quite a bit and to be fair with all the tax savings being slowly stripped away from limited companies, it is no wonder business owners are in a bit of a quandary when trying to weigh up the pros and cons. I would like to break down the advantages and disadvantages for you and hopefully help you make a more informed decision. Limited Company Pros You could appear to be a larger entity than