#Sole Trader

Sole trader vs limited company for the 2026-27 tax year. If you want an accountant that explains this to you proactively, comment the word CHAT to become a client #HMRC #businessowner #limitedcompany #soletrader #business

UK Sole Traders, beware! HMRC doesn’t investigate randomly… but if your finances are sending up red flags, you will get noticed. Here’s what sets off the alarm: Reporting losses year after year while your lifestyle says otherwise Claiming income for services that don’t match your business Passing personal expenses as business costs (your shopping spree won’t fly!) Late or missing tax returns Play it safe and keep your business finances clean, your future self will thank you! Want more insider tips to save on taxes and stay on HMRC’s good side? 💬 Comment “pie” below and I’ll send you the link to my free tax-saving newsletter. #TaxTips #HMRC #SoleTrader #BusinessFinance #MoneyMatters TaxSeason SmallBusinessTips FinancialFreedom TaxWarning

Sole trader expenses that you should be putting through your business 🧙🏼‍♂️ #taxreturn #hmrc #finance #selfassessment #soletrader

In this video I discuss the difference between a Sole Trader and Limited Company. This is a question I get a lot from people so I hope this video helps you decide what’s best for you. #business #soletrader #limitedcompany #sidehustle #money #prosandcons

AD | Tax is going digital & if you’re a Sole Trader or Landlord, you’ll need to hear this. There’s more detail for you to share with HMRC starting from April 2026 and if it sounds like more work, it’s because it is (sorry). However, Monzo Business & Sage might have just saved your day🚀 Only UK based Sole Traders or Limited Company Directors can apply. Ts&Cs apply. #makingtaxdigital #soletrader #landlords #monzobusiness @monzo @sageofficial

One good trade a day and you can be in a completely different place 6 months from now Focus on quality over quantity. Focus on learning over profits. Focus on discipline and patience. Most traders don’t quit because they don’t understand it but because they’re not able to get a handle on their emotions Comment “MINDSET” and I’ll send you PDFs of all of my favorite trading psychology books 🫶🏼

ITS ABOUT TO GET WORSE FOR SOLE TRADERS AND LANDLORS! IF YOU'RE A SOLE TRADER, LET ME KNOW IF THIS WILL END YOU... OR MAKE YOU TURN YOURSELVES INTO A LIMITED COMPANY! #hmrc #uk #soletrader #builders #property #government #tax #parliament #wearedone

sole traders earning £50k+ need to pay attention 👀 mtd for income tax starts april 2026 and it changes how you report to hmrc. getting set up early makes everything easier #soletrader #mtd #incometax #virtualaccountant #taxsavingtips

Business isn’t complicated. It’s just explained badly. You love making and selling… but the moment you Google “how to start a business UK” you’re hit with: • pages of tax jargon • endless acronyms (HMRC, MTD, VAT, RTI…) • conflicting advice about sole trader vs limited • scary warnings about fines if you get it “wrong” No wonder most people freeze and keep their hobby small. The truth? The basics are actually dead simple once someone explains them in plain English without trying to sell you a £997 course. That’s exactly what Business Basics for Beginners is for. Launching soon — a short, clear guide that walks UK hobbyists through: ❤️ The £1,000 trading allowance (you might not even need to register yet) ❤️ Sole trader vs Ltd — which one actually fits beginners ❤️ When VAT really matters (and how to stay under the threshold) ❤️ Easy self-assessment steps ❤️ What’s changing with Making Tax Digital in 2026 No fluff, no upsells, just the stuff that stops 90% of people from moving forward. Comment BASICS if you want to know the second it drops — I’ll DM you first (priority for commenters). Stop letting bad explanations keep your hobby from becoming real income. Let’s make it simple. 👇 #HobbyToBusiness #BusinessBasics #UKSmallBusiness #SoleTrader #HMRC SideHustleUK

The push notification hits hard 👊🏻🙏🏻 #detailingthewhiteway #smallbusiness #soletrader #hitsdifferent #detailing #ppf

Why do you get a tax refund? An explanation of how a UK Self Assessment tax return works and why many people receive a refund. This covers how CIS deductions are treated for tax, how the personal allowance is applied, and why tax is often overpaid during the year. Useful for anyone who is self-employed or working under CIS and wants a better understanding of their tax position. — #selfassessment #uktax #taxreturn #cis #selfemployed #soletrader #taxrefund #hmrc #ciscontractor

Let’s Talk “Sole Trader Mortgages and 2026 Self Assessments..” 🏡 This was something I wasn’t even aware of myself and something that isn’t talked about a lot. As of April 2026, many sole traders will no longer submit a single annual Self Assessment but will instead be required to make five digital submissions to HMRC each tax year under the Making Tax Digital (MTD) for Income Tax rules. Making Tax Digital for Income Tax (MTD for ITSA) becomes mandatory for sole traders and landlords if their total annual qualifying income from self-employment and property is over a certain threshold. From 6 April 2026: Mandatory for those with qualifying income over £50,000 (based on their 2024-2025 tax return). How it will work and look - Quarterly Updates - 7th August, 7th November, 7th February and 7th May and then one final declaration for the end of year. So if you’re looking to buy a house or make any large financial decisions as a sole trader getting an accountant and speaking to a Mortgage Broker (like me 👋) has honestly never been as important. I hope this helps - if you need any Accounting Advice - speak to @ellis_bennett_accountant and if you need any mortgage advice get in touch with me 👋 #mortgage #mortgagetips #mortgagebroker #buyingahome #soletrader