One of the most common questions from people who are new to self-employment is simple but important: how do you actually pay yourself? There’s no payroll, no HR department issuing a payslip — so … [Read more...] about How to Pay Yourself as a Sole Trader
tax planning
What’s the Difference Between Bookkeeping and Accountancy?
If you run your own business, you've probably heard both terms used — sometimes interchangeably. But bookkeeping and accountancy are different things, and understanding the distinction can help you … [Read more...] about What’s the Difference Between Bookkeeping and Accountancy?
Do I Need to Register for VAT?
VAT registration is one of those topics that confuses a lot of sole traders and small business owners. When do you have to register? Is it ever worth registering voluntarily? And what happens if you … [Read more...] about Do I Need to Register for VAT?
Scottish Tax Rates for 2026-2027
Key Update for Scottish Taxpayers 1. Income Tax Rates (Scotland 2026/27) If you are a Scottish taxpayer, you pay Scottish Income Tax on earnings. Note that UK rates still apply to savings … [Read more...] about Scottish Tax Rates for 2026-2027