
Making Tax Digital Set to Impact Sole Traders from April 2026
Making Tax Digital Set to Impact Sole Traders from April 2026 Sole traders – particularly those with income over £50,000 – should take note: from
Give us a call on 0161 456 9666 - we will talk you through the pros and cons of your options before guiding you towards the most appropriate course of action.
While you don’t require an accountant to file your year end accounts and tax returns, clients of IN Accountancy find that not only do we save you time and stress, but we make sure you claim for all the available tax allowances and expenses.
Even better, where possible, we will suggest other ways you can save money.
While you may only have to prepare accounts at the end of the tax year, we are here for you throughout and do not charge extra for ad hoc advice throughout the year
We also like to keep our clients and partners as up to date as possible with any legislation and tips which we think may be of interest to them, so here's another short video explain how to run your car through your business if you are self employed...
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News relating to Sole Traders
Making Tax Digital Set to Impact Sole Traders from April 2026 Sole traders – particularly those with income over £50,000 – should take note: from
Freelancing: The Dream, the Reality, and the Lessons No One Tells You Freelancing promises a lot: flexibility, freedom, autonomy. But what’s behind the Instagram-worthy desk
The Leap into Freelancing There’s a moment for every aspiring freelancer when they stare over the edge and wonder: “Should I jump?” For George Langford,
Self employed traders can claim a portion of the actual costs for working from home (i.e. heat, light, water, mortgage interest etc.) Alternatively, they can use simplified expenses which allow a flat rate per month based on the number of hours worked from home.
https://www.gov.uk/simpler-income-tax-simplified-expenses/working-from-home
If purchased by a sole trader, the car will be owned privately, and mileage can be charged on any business travel. The current mileage rates are 45p per mile for the first 10,0000 miles and 25p thereafter. Contact IN-Accountancy to arrange a consultation to discuss your personal circumstances.
The current allowable mileage rates are 45p per mile for the first 10,000 miles and 25p thereafter.
Sole traders must register their business with HMRC by 5 October following the end of the tax year that they commenced trading.
We offer catered solutions for you if you wish to grow your business but are not sure how to in accordance with UK tax law. Get in touch with In Accountancy to learn about how we can help.
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