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What deadlines and obligations apply to me as sole trader?

If you’ve never run a sole trader business before, you’re probably unsure of your legal responsibilities, the obligations you must fulfil, and the deadlines you must meet to ensure you stay out of the crosshairs of HMRC!

In this video guide, we cover your obligations to submit annual accounts and a Self Assessment tax return, the deadline for this submissions and also how to avoid receiving any penalties from HMRC.

Watching our video will you gain a deep understanding of your obligations and deadlines as a sole trader.

Use our resources to understand what you need to do when running a business as a sole trader.

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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Yes, the business is VAT registered
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Call us on 020 3355 4047 if you’re not sure.