Sole Traders

Sole Traders:

I provide accountancy support for sole traders across a wide range of industries. Whether you require ongoing bookkeeping and tax services or help with a specific task, I offer flexible, cost-effective solutions tailored to your business.

Services are available for:

• Landlords
  
  

• Small business owners
  
  

• Foster carers
  
  

A range of services are available to support sole traders with their tax and financial responsibilities, including:

• Self-assessments (Making Tax Digital included)

Preparation and submission of annual Self Assessment tax returns for you and, where applicable, your business partners. Returns are    prepared accurately and include all relevant allowable expenses and tax deductions to ensure you only pay the tax that is due.

Under HMRC’s new Making Tax Digital initiative, some businesses may also be required to provide quarterly updates depending on their circumstances.

• VAT returns

Preparation and submission of quarterly VAT returns for businesses registered for VAT. This includes a full review of your VAT-able sales and purchases, with a clear breakdown provided for your approval before submission to HMRC.

• Bookkeeping

Bookkeeping services are available to help keep your financial records accurate and up to date throughout the year. This helps ensure your accounts are organised, your tax returns are prepared efficiently, and your submissions to HMRC are accurate and on time.

Clients are also welcome to maintain their own bookkeeping records and simply provide the relevant information when preparing their annual Self Assessment.

• Payroll

Monthly payroll services are available for businesses with employees, ensuring accurate submissions to HMRC and full compliance with payroll regulations.

This includes the calculation and reporting of employee income tax, National Insurance and pension contributions.

(Please note payroll services are currently provided as a voluntary service)

• Construction Industry Scheme

Monthly CIS reporting to HMRC using payroll software to record and submit your CIS deductions accurately. This ensures your financial records remain up to date and that all reporting obligations are met on time.