Blog

Choosing the right business structure is one of the first big decisions every entrepreneur faces. Your choice affects taxes, liability, and how your business is perceived. Many clients ask me: “Should I stay a sole trader, or form a limited company?” The answer isn’t one-size-fits-all — it depends on your income, risk, and growth plans. Let’s break it down.

One of the biggest challenges for new sole traders isn’t finding clients — it’s staying organised. Accurate records and timely accounts are essential for HMRC compliance, smooth tax filing, and understanding your business’s financial health. In this guide, we’ll cover: how long to keep records; what accounts you need to file; choosing the right accounting software. By the end, you’ll know exactly what’s required — and how to simplify the process.

Running a business comes with responsibility. As a sole trader, you’re personally liable for your actions, so getting the right insurance and staying compliant with HMRC rules is crucial. In this guide, we’ll explain: essential insurance policies for sole traders; VAT registration rules; compliance tips to keep your business safe

Being a sole trader is exciting — you call the shots, keep the profits, and grow your own business. But there’s one thing many new sole traders underestimate: risk. Unlike limited companies, sole traders have unlimited liability, which can affect personal assets. In this guide, I’ll explain the risks, what happens if debts pile up, and how to protect yourself while running your business.