Accounting Blog

Discover which accounting software features sole traders actually need. Learn why fast invoicing, payment tracking, reminders, basic expenses, and simple reports matter more than bloated tools. This guide shows how an invoicing-first approach keeps cash flowing, reduces admin, and prepares you for tax without unnecessary complexity and wasted learning time.

Learn how to check your sole trader accounts are correct, complete, and defensible. This practical guide explains common bookkeeping mistakes, income and expense reconciliation, and simple monthly routines. Discover how consistent invoicing and tools like invoice24 help you avoid errors, understand profit, and feel confident at tax time easily today.

UK sole traders must keep receipts to meet HMRC requirements, support expense claims, and avoid penalties. This guide explains why receipts matter, how long to keep them, what counts as valid evidence, and how digital tools like Invoice24 simplify receipt storage, bookkeeping, and Self Assessment preparation.

Learn how long sole traders must keep accounting records, why retention rules matter, and which documents are essential. This practical guide explains legal requirements, risks of poor record keeping, digital versus paper storage, and how tools like Invoice24 simplify compliance, audits, and tax preparation while reducing admin stress significantly today.

Sole traders often worry about making mistakes on their tax return. This guide explains common errors, penalties, and how to fix them calmly. Learn what happens if a mistake is discovered, how to amend a return, and how tools like Invoice24 help prevent costly errors for small business owners everywhere.

Learn how UK sole traders calculate profit for tax and business planning. This practical guide explains cash basis vs accruals accounting, what counts as income, allowable expenses, VAT considerations, and common mistakes—plus tips for keeping clear records and calculating profit confidently throughout the year.

UK sole traders can claim tax-deductible vehicle expenses using mileage or actual costs. This guide explains business mileage rules, allowable journeys, record keeping, and common mistakes. Learn how to choose the best method, reduce your tax bill, simplify admin, and keep compliant while claiming car, van, motorcycle, or bicycle expenses.

Preparing for self-assessment as a sole trader doesn’t have to be stressful. This guide explains the easiest way to stay organised all year, using simple habits, clear invoicing, and monthly check-ins to turn your tax return into a quick summary instead of a last-minute scramble.

UK sole trader plumbers can keep bookkeeping simple with a quick routine: invoice jobs promptly, track payments, photograph receipts, log expenses and mileage, and review cashflow weekly. This guide covers HMRC-ready records for Self Assessment and shows how invoice24 streamlines invoicing, customer details, and late-payment chasing for busy plumbers daily.