Sole Trader
When you become self-employed (sole trader) you are required to notify HM Revenue & Customs (deadlines apply) and this will usually trigger the need to complete a self assessment tax return. The statutory requirements can be overwhelming but we are here to help…
What we do
Below is a list of what we can do to help you:
- Registration – so you can start trading as a sole trader straight away
- Advise on the best way to keep your records
- Advice and support all year round
- Prepare an Annual Income Statement for your business, showing how it has performed during the year
- Calculate Capital Allowances
- Prepare and submit your Self Assessment online
- Calculate the Tax Payable
- Advise on what tax to pay and when it is due
- Make claims for reliefs and allowances to minimise the tax you pay
- Quarterly VAT Return (if applicable)
*Depending on your circumstances it may be beneficial to trade via a Limited Company.
For further information and advice please get in touch or fill out our easy form here.