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Making Tax Digital is transforming the UK tax system. Tax records and reporting are being digitised. Under Making Tax Digital, sole traders, landlords and VAT-registered businesses will have to use MTD-compliant software to keep records, report income and expenses and pay their taxes.
Get the finance you need to start or grow your business and sources of start-up finance.
Create a budget, manage your cash flow and costs and comply with statutory accounting requirements.
Banking options and requirements for small businesses - bank accounts, credit cards and mortgages.
Insurance advice for small businesses. From identifying the insurance coverage you need to how to minimise risks and make an insurance claim.
Tax rates, thresholds and filing requirements including VAT, NI, CGT, property taxes and capital gains.
Date: 13 August 2025
By: Mike Parkes, GoSimpleTax
Date: 11 August 2025
By: SumUp
For many starting a new business means mounting costs. Thankfully, sole traders can claim tax relief for “pre-trading” expenses and lower their tax bill significantly.
Date: 17 August 2022 By: Mike Parkes
If you're a self-employed contractor, freelancer or other sole trader considering leasing a vehicle, you should know the tax implications. This guide answers key questions regarding reporting and paying tax when you lease a vehicle for work if you're a self-employed contractor, freelancer or sole trader.
Date: 7 March 2022 By: Mike Parkes, GoSimpleTax
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