Accounting Blog

Learn how National Insurance works for UK sole traders, how to calculate it from your profits, and how to estimate and budget for NI throughout the year. This practical guide explains thresholds, bands, common mistakes, and how consistent invoicing and record-keeping can make NI simpler and more predictable.

Learn the simplest way for UK sole traders to stay compliant with HMRC. Discover how consistent record-keeping, clear invoicing, and simple routines reduce stress, avoid penalties, and keep your business tax-ready. See how invoice24 helps create a clean income trail all year without complex accounting software or jargon for beginners.

UK sole traders are not always legally required to send invoices digitally, but expectations are shifting. This guide explains digital invoicing, Making Tax Digital, VAT implications, and customer requirements, while showing how simple digital tools can speed up payment, improve records, reduce disputes, and make everyday invoicing easier for businesses.

Simple invoicing for UK sole traders means getting paid faster with minimal admin. This guide explains why dedicated invoicing apps beat spreadsheets, what a compliant invoice needs, and how tools like invoice24 help you create professional invoices, track payments, avoid errors, and keep records tidy without complicated accounting.

Learn how sole traders can track cash and card payments without stress. This practical guide covers simple routines, common mistakes, and clear workflows to stay organised, improve cash flow, and prepare for tax with confidence—using one reliable system to record invoices, payments, refunds, and deposits.

Can sole traders use a personal bank account for business? This guide explains the legal position, banking restrictions, tax and bookkeeping risks, and when it makes sense to separate finances. Learn the benefits of a business account and how invoice24 helps sole traders stay organised and professional from day one.

Organising receipts as a UK sole trader is essential for HMRC compliance, accurate tax returns, and stress-free business management. Learn what counts as a receipt, how long to keep records, and how digital tools like Invoice24 simplify receipt storage, categorisation, and preparation for Self Assessment and Making Tax Digital requirements.

Sole traders in the UK are not legally required to have a separate business bank account, but doing so can make managing finances far easier. This guide explains the legal position, practical benefits, tax implications, and how clear invoicing tools can help sole traders stay organised and professional.

If you’re a sole trader under the VAT threshold, understanding VAT rules is essential. Learn when you charge VAT, how invoicing should work, pricing implications, turnover tracking, and when voluntary registration makes sense, with practical guidance and tips to stay compliant, organised, and prepared for growth and future business decisions.