This is the simplest and most cost efficient way of trading. Start up costs are low as set up and operation is more simple – there is no red tape. There are only a few formalities to trading as a sole trader vs as a Ltd. company, the most important of which is informing HMRC.  Every business is required to prepare accounts each year, which forms the basis of how tax and national insurance is paid.  Any profits generated in this medium are automatically those of the sole trader.

Who are our sole traders? Our clients come from all sectors, including builders, painter/decorators, carpenters, plumbers, bricklayers, hairdressers, tatoo artists,  pharmacists, childminders, landscape gardeners, internet retailers, kitchen fitters, taxi drivers and café owners.

Our sole trader package is comprehensive and includes the following:

• Completing your annual accounts
• Discussion of your draft accounts in person
• Calculating your tax position
• Look for ways to reduce the tax you pay
• Submission of your tax return to HM Revenue & Customs
• Dealing with your accounting queries

• VAT – registration and management
• Payroll – running your PAYE wages and deductions
• CIS
• Xero accounting software / Sage accounting software

Please contact us for a quotation.