Accounting Journal

Accounting Journal

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Accounting Journal
Accounting Journal
Setting up as a sole trader

Setting up as a sole trader

Asif Patel's avatar
Asif Patel
Feb 09, 2025
∙ Paid

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Accounting Journal
Accounting Journal
Setting up as a sole trader
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The way in which you operate your business determines the taxes that you pay and also your reporting obligations.

If you work for yourself and run your business on your own as an individual other than through a limited company, you are a sole trader. By contrast, if you operate your business through a personal company, even if you are the sole employee a…

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