Sole Trader
Resources and information for self-employed sole traders working for themselves in business. Find out what you need to know about keeping records, managing your accounts, registering for and paying tax, as well as help and guidance on claiming expenses, grants and support as a sole trader.
UK Tax Rates, Thresholds and Allowances for Employers and the Self-Employed in 2021/22 and 2020/21
8th March 2021UK tax is a complex system of tax bands, allowances, and relief schemes, all affecting the way individuals and businesses pay tax….
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How to Register as a Sole Trader
22nd December 2020One of the first decisions you make when starting a business, is choosing between the pros and cons of different business structures….
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Can a Sole Trader Have Multiple Businesses?
30th July 2020As a sole trader, you might well have more than one business. The good news is that it’s absolutely fine to do…
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Do I Need to Include SEISS on my Self Assessment?
29th July 2020If you received the first or second Self-Employment Income Support Scheme grant, you will need to include it in your Self Assessment…
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What Does the Green Homes Grant Scheme Mean for Me?
13th July 2020The Green Homes Grant Scheme was announced by Chancellor Rishi Sunak as part of his post-COVID-19 economic recovery plan. The home improvements…
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Can I Use the Trading Allowance?
2nd July 2020If you are a new sole trader aiming to run a full-time business, or just have a hobby business on the side,…
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What else is included in our accountancy packages?
If you have any questions about our services please call us on 020 3355 4047
Unlimited support via phone or email
Automated reminders for your important deadlines
Regular tax efficiency reviews to reduce your tax bill
Proactive checks of your bookkeeping records
Automated bank feeds to speed up your bookkeeping
Live chat support on our bookkeeping software
Mobile app to invoice customers & upload receipts
Free representation during a HMRC investigation
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?
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.
Are you sure this is correct?
Call us on 020 3355 4047 if you’re not sure.