Some people have more than one business (sometimes called multiple trades). For example, they may run a dog-walking business and also be a self-employed courier. There are several points to consider if you operate multiple trades, such as preparing accounts, the trading allowance, losses and how ...

There are many steps to working out your taxable profits. This page explains the process.

If you are self-employed or a partner in a partnership, then you must keep adequate records of your business income and expenses in order to prepare an accurate self assessment tax return. This page explains what business records are and how long you need to keep them.

This page explains how you register as self-employed for income tax and National Insurance contributions (NIC) purposes.

Our PDF guide to self-employment supplements the information in this self-employment section.

Self-employed people are those who work for themselves. For some people, it is clear they are running their own business and are self-employed. However, it may not be as straightforward for others, and you may need to consider your employment status to decide whether you are employed or ...