At Dinghy, our aim is to support existing freelancers and help more new freelancers build successful businesses. We do this with our specially designed freelancer insurance products, as well as sharing helpful articles like this one, full of useful tips and honest advice.

Sole Trader

Sole Trader Definition A sole trader by definition is the sole owner of their business through which they are self-employed. It is the simplest legal structure by which to run a business, with the most common alternative being a Limited Company. Sole traders hold personal financial liability for their business. With regards to tax calculations and liabilities, the identity of

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PAYE Reference Number

PAYE Reference Number A unique combination of letters and numbers given to every business that registers with the HM Revenue and Customs (HMRC) as an employer. It is a reference number that allows HMRC and the taxman to identify a business. It is composed of two elements. The first three digits identify the businesses local HMRC office, and the remainder

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