Sole Traders

Becoming a sole trader is the simplest way to trade. Register as self employed with Her Majesty’s Revenue and Customs (HMRC).

You will need to pay class 2 NI, which will ensure that your state pension is not adversely affected in the future.

Corley Consulting helps sole traders with guidance on tax matters, accounts preparation and self-assessment tax return, tax planning, annual review of trading status benefits, claiming tax reliefs, expense claims and insurance.