4 articles tagged with Calc Sole Trader Take Home.
A sole trader earning £45,000 profit takes home more per pound than an employee on £45,000 salary, because Class 4 NI is lower than employee NI and there is no employer NI at all. Full 2026/27 comparison.
Most sole traders can now use cash basis accounting regardless of turnover, but the choice still has real tax timing consequences. Here's how the rules work for 2026/27 and when accruals is still the better fit.
Construction Industry Scheme deductions are 20%, 30% or 0% depending on your registration and verification status with HMRC. Here's exactly how contractors determine which rate to apply to a subcontractor.
Making Tax Digital for Income Tax phases in based on qualifying income, with the £50,000 threshold now live and the £30,000 tier following. Here's exactly who's in scope and when.