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Glossary

• Accounting Records
• Annual Return
• Capital Allowances
• Class 2 & 4 NI
• Companies House
• Corporation Tax
• Costs
• Depreciation
• Dividends
• Drawings
• Fixed Assets
• Form CT 41 G
• Form CT 600
• Form P35, P14, P11D
• Form SA100
• HMRC
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• Payroll
• VAT - Overview
• VAT - Register
• VAT - Schemes
• Year End

Drawings

You do not pay yourself a wage or salary from your sole trader business but take drawings.

When you take money out of a sole trader business this is known as drawings.

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