About this Event
Are you ready to take the leap into self-employment? If you're planning to become a sole trader, understanding the key steps for registering with HMRC is critical to starting your business on the right track.
In this one-hour workshop, we’ll guide you through the 7 essential things you need to know to ensure a smooth registration process and stay compliant with UK regulations.
What You’ll Learn:
- Registering for Self-Assessment
Understand how to sign up with HMRC and what’s involved in filing your taxes. - Income Tax and National Insurance Contributions
Learn how income tax and NICs work for sole traders and what payments to expect. - Record-Keeping Requirements
Discover how maintaining clear financial records simplifies tax reporting and helps avoid penalties. - Claiming Business Expenses
Understand allowable expenses—such as office costs, travel, and equipment—and how they can reduce your tax bill. - VAT Registration (if applicable)
Find out when VAT registration is required and how it affects your business. - Key Deadlines and Penalties
Stay informed about important HMRC deadlines to avoid penalties and unnecessary stress. - Setting Up a Business Bank Account
Learn why separating personal and business finances is essential and how to get started.
Who Should Attend?
This workshop is ideal for anyone looking to become a sole trader or newly self-employed individuals wanting to ensure they meet HMRC requirements and manage their finances effectively.
What You’ll Gain:
- A step-by-step guide to registering as a sole trader.
- Clarity on tax responsibilities and deadlines.
- Confidence to manage your business finances.
Event Venue & Nearby Stays
Digital Skills Hub Boscombe, Christchurch Road, Boscombe, United Kingdom
USD 0.00
