Sole Trader Survival Crate

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INSIDE THIS CRATE

We've dropped all the knowledge you need to set up as a sole trader.

Everything you wanted to know about starting a business on your own. It's exciting, liberating, and a little bit scary! So we've pooled our resources and shared them with you.

It's all in one place: right here!

SEE BELOW FOR:

  • How to register as a sole trader

  • Five things to know about setting up as a sole trader

  • How to complete a self-assessment tax return

  • 6 ways to take your first Self Assessment in your stride

  • What does it take to be a solopreneur?

  • Checklist for going self-employed

  • From side hustle to main hustle (free eBook)

How to register as a sole trader

According to HMRC, 60% of businesses in the UK are sole traders.

If you’re thinking of starting a business and becoming self-employed, you’ll probably join the ranks of enterprising sole traders that form the backbone of Britain’s economy.

But where do you start? We’ve got everything you need to know in this guide to registering as a sole trader.

Find out how to register with HMRC

Five things to know about setting up as a sole trader

When you start your own business, you’ll need to decide which company format to register with HMRC.

The structure you register your company under will depend on how much legal and financial responsibility you want to take for the business.

It will also affect how much tax and time you give HMRC each year!

Let's run through all five here

How to complete a self-assessment tax return

To complete a self-assessment tax return, you need to register for self-assessment, keep detailed financial records during the year, and complete a self-assessment tax return by the relevant deadline.

You'll need to complete a self-assessment tax return if you're self-employed and earn more than £1,000 from self-employment per year.

Read through this guide to find out everything you need to know about filing your self-assessment tax return. But maybe get a coffee first...

Get ready for self-assessment

6 ways to take your first Self Assessment in your stride

If the thought of filing your first ever tax return makes your blood run cold, we’ve got good news.

Our sister company Smarta have put together these tips on how to reduce the fear factor if you’re a first-timer.

You can do this! Start now

What does it take to be a solopreneur?

A solopreneur is someone who starts their own business without a business partner or any employees.

They typically create and deliver their products or services themselves, rather than outsourcing or hiring a large team.

Could this be you?

Benefits of going solo

Checklist for going self-employed 

The number of people choosing to become self-employed has increased at a dramatic rate over the last few years. Are you considering becoming self-employed?

If so, we’ve put together a checklist of things you should do and know in order to be ready for self-employment.

Self-employed checklist

From side hustle to main hustle eBook

You don’t have to have a background in business to become a self-employed success.

If you’ve got a bright idea you’re already working on and bags of motivation, we can help you with the rest. If you’ve always wanted to be your own boss, now could be the time – because if not now, when?

Download the e-book

SHOWCASE OF SUCCESS

Every one of these stories began where you are now

We have Business Supply Crates that cover lots of different areas. You can check them out by following the link below.

Keep checking back, too, as we are always deploying new business supply crates full of expert guidance and knowledge.

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