Many people often start trading as a Sole Trader because it is the most simplistic way to begin and trade, then progress to operating through a limited company later on when the business starts to make reasonable profits.
At Account & Finance we can take care of all the accounting and taxation requirements of Sole Traders for a competitive low cost monthly fee. We can offer many Sole Trader accounting services including help with registering the business and offer ongoing support and assistance going forward. We also regularly review your business to see whether it is operating in the most tax efficient way.
Sole Traders tend to be small businesses and so need as much help as possible from their accountant. This is why we offer Sole Traders unlimited help and advice throughout the year, included within the monthly payment.
We monitor our Sole Trader clients on a regular basis to ensure that they are operating as tax efficiently as legally possible. With every piece of work that we do we look to make recommendations to improve your business. These recommendations could include tax efficiency suggestions, advice on how to better keep records or even suggestions of an insurance company that would be able to give you a better quote.
Although tax inspections are rare, it is possible that you could be investigated at random. In the event of a HMRC investigation we would represent you at no extra cost. This would be included in your monthly fee. We can complete the bookkeeping for our clients or alternatively they can complete the bookkeeping themselves to keep costs to a minimum. We provide simple spreadsheets or booklets to our Sole Trader clients which help them to keep their records properly and in a way that we can use their information to complete accounts.