Sole Trader Accounting Services

What is a Sole Trader?

A Sole Trader is an individual that owns and runs a business. A Sole Trader is fully liable for any debts and contracts the business has and from a legal point of view there is no difference between the business and the individual.

Many people often start trading as a Sole Trader because it is the most simple way to begin and trade, then progress to operating through a limited company later on when the business starts to make reasonable profits.

At The Accountancy Partnership 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 Trader Guide

If you have recently become a sole trader, then our advice guide is a must for you. It’s important to know what you can claim for and also what you need to get in place to start operating as a sole trader. Advice on bookkeeping and guidelines on how to initially set things up. You can download our Sole Trader Guide for FREE.

Why Sole Traders love our service

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 would fight your corner and ensure that HMRC receive only the money they are due and not a penny more. 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 cloud accounting software to sole trader clients which help them to keep their records properly and in a way that we can use their information to complete accounts.

We have produced a number of guides written in plain English for clients which outline the basics of running a business along with details of how the tax system works, their obligations and deadlines which need to be met. These guides are sent to all new clients at no additional cost. If you would like to know more about our Sole Trader accounting services then please contact us.