If you're a sole trader managing your own books, you've probably heard whispers about "MTD for Income Tax" and wondered what all the fuss is about. Don't worry, you're not alone! Let's break down exactly what Making Tax Digital for Income Tax means, who it affects, and most importantly, what you need to do about it.

Most Self Assessment errors are completely avoidable once you know what to look out for. Let's walk through five of the most common mistakes sole traders make, and more importantly, how you can steer clear of them.

If you're self-employed, a sole trader, or earn income outside of PAYE, understanding self-assessment deadlines is essential.

You've been planning your business launch for months. You've got the venue booked, the invitations sent, and now you're shopping for the perfect outfit to make your big entrance. As you're about to hit 'buy' on that stunning dress, a thought crosses your mind: "This is for my business launch… can I claim it as a business expense?"

As a business owner, every mile you drive for work could be putting money back in your pocket – but only if you're claiming it correctly.

One of the most common questions I hear is: "Can I claim this as a business expense?" It sounds simple, but the line between business and personal expenses can be surprisingly blurry – especially when you're working from home or using personal items for business purposes.

As we navigate the bustling world of entrepreneurship, one thing becomes evident – managing our finances effectively is the key to...