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You are classed as a self-employed sole trader as soon as you start working for yourself – even if you have not told HMRC.
As a sole trader you run your business as an individual although you can employ staff. You can keep all the business’ profits after you have paid tax on them but you are also personally responsible for any losses that your business makes.
As a sole trader you must:
At Brash & Co we can:
If you would like more information or would like to speak to us direct then call us on 01704 551889. Or if you would prefer, ask us a question online.