If you’re looking for ideas for self-employment or a side hustle that bumps up your income with low start-up costs, then take a look at these 9 profitable online business ideas you can start in 2023.
Client entertainment is not a tax-deductible expense if you’re a sole trader (or even if you formed a Limited Company). Unfortunately, after many years of business owners abusing their deductions and putting through personal entertainment costs as a business expense, HMRC has taken the approach to make all client entertainment a disallowable expense. In addition, … Read more
Find out the advantages of being a sole trader if you are setting up a business in the UK including taxes, reporting and registration
Find out how to set up as a sole trader, how to complete the registration process with HMRC and your responsibilities including taxes and expenses.
11 ways to manage your finances as a solopreneur, whether you’re in your first or tenth year of self-employment.
Is this a business term you hear regularly but aren’t sure of the exact answer? Although there are varying factors and characteristics to determine what is a SME business, it’s important you’re aware of what it actually means as it can affect the way you run your own business. Defining the size of a business … Read more
Are you wondering how much you can earn before paying UK self-employment tax? Then read on! If you are self-employed you can earn up to £1,000 each tax year before paying tax in the UK by taking advantage of the trading income allowance. It’s a tax-free amount you can get paid in income (not profit) without … Read more
When you’re a business owner and want to prosper, you’ll need to consider new ways to develop your business in the coming year. Regardless of the industry you’re in, or whether you have a side hustle or larger company, focus on growth is essential to survive and thrive in your business. Running a self-employed business … Read more
Do you sometimes get confused as to what you call yourself in relation to running your business? Solopeneur? Self-employed? Business owner? Freelancer? Essentially, these titles all represent people who chose to earn an income independently rather than through traditional employment. While the difference between small business owners and the self-employed could be construed as subtle … Read more
It’s what all business owners want to know – how you can increase profits from your small business! In these tough economic times, it’s even more crucial that small businesses need to diversify. And more importantly, generate extra income from your business. You might be thinking that you’re already run off your feet trying to … Read more