Accounting Blog

Learn which accounting records electricians in the UK must keep to stay HMRC compliant. This guide covers income, expenses, VAT, payroll, CIS, and digital record keeping, explaining why accurate bookkeeping matters and how free tools like invoice24 help electricians save time, reduce admin, and avoid costly tax mistakes.

Is free accounting software good enough for UK sole traders? This article explains when free tools work, what sole traders actually need, and why invoicing-focused platforms like invoice24 can reduce costs, simplify compliance, and support everyday bookkeeping without unnecessary features or expensive subscriptions.

Sole traders should update their accounts little and often to stay profitable, reduce tax stress, and maintain clear cash flow. This guide explains the ideal daily, weekly, monthly, and annual accounting routine, plus how simple invoicing tools can make bookkeeping faster, easier, and far less stressful.

Learn how the UK £1,000 trading allowance works for sole traders, freelancers, and side hustles. This practical guide explains when income is tax-free, when you must file self assessment, and how to choose between the allowance and claiming real expenses as your business grows.

Do you need an accountant as a UK sole trader? This guide explains when you can manage Self Assessment yourself, when professional help is worthwhile, and how staying organised with invoicing and records can save time, money, and stress as your business grows.

Learn what records UK sole traders must keep for HMRC, how long to retain them, and why accurate record-keeping matters. This guide explains income, expenses, invoices, and digital storage, showing how a free invoicing tool like invoice24 helps you stay compliant, organised, and confident at tax time.

UK sole traders don’t pay a single flat tax rate. Your tax depends on profit, location, National Insurance, VAT status, and other factors like student loans. This guide explains Income Tax, National Insurance, allowances, and practical ways to predict bills, avoid surprises, and manage sole trader tax with confidence.

Most UK sole traders can handle their own bookkeeping with a simple, consistent system. This guide explains what bookkeeping really involves, which records you must keep, common mistakes to avoid, and when to get help—showing how tools like invoice24 make invoicing, cash flow tracking, and year-end preparation far easier today.

Expense tracking for self-employed cleaners is different: frequent jobs, small purchases, and constant movement make admin easy to delay. This guide explains a simple, practical system to track cleaning expenses accurately, stay tax-ready, understand real profit, and save time by combining expense tracking with invoicing.