Sole Traders: What Are My Tax Obligations?

Sole Traders: What are my tax obligations?

As a sole trader, it is important that you understand your tax obligations and when you need to pay them because failing to do so can have serious consequences. Your business is taxed on the profit it makes, so you need to keep a comprehensive account of all your figures and submit the correct information to HM Revenue and Customs (HMRC). How do I register my business online? To ensure you meet the regulations in place, you must set up a Governm…

What Sole Traders need to know about tax

If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you need to pay them. There are factors to consider, including how the business is set up and whether you have any employees working for your company. Businesses in... The post What Sole Traders need to know about tax appeared first on Clay Shaw Thomas.