Many of my clients have been asking me about sole traders. Not necessarily in response to the upcoming Off-Payroll Rules which will impact the use of limited company or PSC contractors after April, but mostly to understand if it’s a commercially viable route to market for contractors. I therefore decided to do a video about what sole traders are, how clients and agencies can engage them, and the main compliance considerations and processes as well. The short answer is: it’s not without risks, but sole traders aren’t as uncommon as people think – as the stats at the start of this video highlight!
Hope you find it useful!