However, the sole trader structure can offer some financial benefits. Any losses you incur as a sole trader can be offset against your other income for tax purposes, something that can’t be done in a ...

However, as an individual or sole proprietor, traders cannot take advantage of some of the tax advantages and asset protection strategies that are available to companies. Working as an independent ...

National insurance (NI) – If you are a sole trader, you are self-employed. This means you’ll pay class 2 and class 4 national insurance contributions, which count towards your state pension and other ...

That's it! Now we're rocking. What are the advantages of being a sole trader? I can have a variety of what I do for a living, so I can do pop gigs, I can do classical music gigs, I can do some ...