Sole Trader

As an individual it can be daunting setting up business on your own for the first time. We aim to guide you through the process of registering as a sole trader to completing your obligations to file a Self-Assessment return, always ensuring that your business continues to grow and that your tax return is maximised.

Bookkeeping consists of managing your accounts, including income & expenses and corporation tax.

Payroll can be processing wages, weekly, four weekly or monthly in conjunction with HMRC’s RTI directive.

VAT calculation needs to be completed on a regular basis along with accurate record keeping.

Self Assessment is the method by which HMRC will collect your tax liabilities where there is a liability due.

Individual and company property owners are required to complete accounts for the properties they own.

CIS is a tax where monies are deducted from sub contractors and companies payments and sent to HMRC.

Capital Gains tax is payable on the profit on an asset that has been sold.

How we can help

To complement our Sole Traders we offer a bookkeeping, payroll and Vat services managed by our experienced team, who are always accessible should you require any further information.

We also offer a regular onsite visit to your business to assist in the preparation of accounts or to discuss how your business is performing and discuss your plans and aspirations for the future.

Our dedicated team will assist in completing your sole trader accounts to meet statutory deadlines.

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Income and expenses are at the heart of sole trader accounts and guidance is available to all our clients on what is an allowable expense and what is not, reporting the correct income and expenses will ensure a correct Self Assessment return and thus reduce the chances of any HMRC enquiries.

Self Assessment is the method by which HMRC will collect your tax liabilities as a sole trader, as the tax year ends on 5th April each year a return along with your liabilities has to be filed and paid by 31st January the following year.

Real benefits through full circle accountancy support

Our Sole Trader focused team look forward to hearing from you. Click the button to get in touch today.