sole trader

A sole trader is someone who works for themselves. Each year they are required to complete a self  assessment tax return by HMRC

What is a Sole Trader

What is a sole trader? A sole trader definition is a person that sets up business on their own and do not work for another business. In the UK this is one of the most popular small business formations. A sole trader will also be self-employed and will need to register with HMRC. They can also be known as a freelance worker. There are many reasons…