Self Employed Tax

Conducting business as a sole trader is the simplest and most popular form of trading medium. As well as being described as a sole trader, such businesses may also be referred to as self employed, sub-contractor, tradesman, schedule D, or numerous other descriptions.

Our clients, starting a new business, require a one-stop-shop for various accounting and tax services. We have therefore organised our staff into pools of expertise to delivery the specific services required:

• Registering a new sole trader business with the Inland Revenue and the Contributions Agency,
• Examining VAT registration,
• Record keeping requirements under Self Assessment and Book-keeping,
• Personal tax advice and compliance,
• Preparing statutory accounts,
• General business, tax and finance advice.

Instruct us to act as your sole trader accountant and rest assured that all of your UK accounting and tax responsibilities will be fully complied with. We shall also be mindful of your overall tax exposure and we shall actively seek proven techniques to improve your finances.

Practical Examples of our Self Employed Tax Expertise

Comparing the tax cost of being a Sole Trader versus a limited company. Claiming Class 2 National Insurance exemptions for sole traders on low earnings.

Representing you when your sole trader activities are inveótigation by the Inland Revenue. Assisting with CIS registration and administration for sole traders in the construction industry.