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If your business turnover is getting close to the VAT threshold, one unusually large job can tip you over it sooner than you expect.

It does not matter that the job is a one-off. If it counts towards your taxable turnover, it still counts when you work out whether you need to register for VAT.

How the VAT threshold applies to a large job

The VAT registration thr...

It is quite easy for sole traders to go over the VAT registration threshold without noticing immediately, particularly if sales have risen quickly, or you’ve taken on a large job.

If this happens, the main thing is to work out when your taxable turnover first crossed the threshold. You may need to register retrospectively and pay VAT from the date your...

Business bank charges can be surprisingly expensive, especially if you’ve come to the end of an introductory free-banking period.

You may face a monthly account fee, charges for making cash deposits, international payments, overdrafts or transactions above your account’s allowance.

Individually, some of these charges are fairly small, but they can add up to a he...

Use our online calculator to estimate your company’s taxable profit, Corporation Tax bill and the profit left available for dividends.

Enter your company’s estimated turnover and allowable business expenses. The calculator works out taxable profit, applies the relevant Corporation Tax rate and shows the amount remaining after Corporati...

Use our online calculator to estimate how much tax you will pay as a sole trader in the 2026/27 tax year.

If you’re self-employed, you must work out your taxable profits each year – your business turnover minus allowable expenses – and report them via the