Sole Trader

We prepare end of year accounts for sole traders, and explain the accounts ensuring you have all of the relevant information at your fingertips. Once you are happy we file them with HMRC on your behalf, dealing with any queries along the way.

We will prepare your self-assessment for your sole trader business also returning information regarding other taxable personal income such as employment or rental income.

We provide this service in conjunction with the accounts preparation service to ensure maximum tax savings for companies as well as personally. We can construct tax structures that optimise the latest tax rules to generate tax savings.

We calculate the personal tax liability due and can help with any queries that could exist with HMRC. Advisors have dedicated phone lines to communicate with HMRC efficiently.

Value added tax compliance can not only be detailed and complex but also burdensome. We can provide a complete service from making you aware of relevant thresholds, VAT registration, including choosing the most appropriate VAT scheme, to preparing the VAT return online with HMRC.

It may be beneficial for some businesses to voluntarily register for VAT, which can be discussed if advantageous.

The fines for non-compliance of VAT returns can rise to 15% of the total amount due representing a major expense which can easily be avoided.

We provide payroll services which compliments the accounts service, providing a complete service to our clients.  Since the roll out of real time reporting and auto enrolment of workplace pensions, the compliance burden for a business is now sizeable, with fines imposed if deadlines are missed or returns contain errors, leaving you with complete peace of mind and the time to get on with running your business. We can ensure registration, processing and submission are completed in real time to HMRC as per requirements.

We also provide payroll services for any business within the construction industry which need to deploy sub-contractors. We can provide the entire service from registering the contractor with the CIS scheme, verifying sub-contractors to filing the monthly CIS returns.  HMRC charge penalties for late returns deducting incorrect tax rates from sub-contractors which can prove very costly to a business and cause unnecessary stress.

Bookkeeping can be stressful and almost a full time job! Rather than employing an assistant to support with this task you can outsource this to us, leaving you to run your business. We can make suggestions and recommendations to set us processes to undertake this task, alternatively we ca support you to set up your own in house processes if you prefer to retain this aspect.