Sole trader accountancy services
Hey, I am Tom a sole trader accountant in Lichfield, serving clients all over the UK.
When setting up a business, registering as a sole trader or ‘self-employed’ can be the first port of call. But it can be a daunting experience knowing what your commitments are, what expenses to claim, when to register for VAT? Ahh the list can be endless.
I am a sole trader accountant and I am here to help you.
What is a sole trader?
A sole trader is someone who who runs their own business as an individual, self-employed, unlike a Limited Company, where you are separate entities.
One of the commitments of being a sole trader you must submit a yearly tax return to HMRC, which is due online on 31st January following the previous 5th April tax year.
Meaning you need to keep track of your sales, expenses, and profit for your business.
A sole trader is more of a simple business structure, with less commitments than a Limited Company. Being a sole trader can be less tax efficient than a Limited Company as you’re taxed on all the income from the business in the period.
Why choose Every Cloud to be your sole trader accountant?
★ Relaxed service – No acronyms or stuffy accountancy speak, I want you to feel comfortable picking up the phone and dealing with me. You will never be charged for calls and emails.
★ Peace of mind – So you have clarity on what expenses you can claim to ensure we are doing all we can to reduce your tax liability.
★ Proactive – I will submit your sole trader accounts nice and early, so you can proactively save and know how much tax is going to be due in January. It doesn’t help anyone submitting accounts on 31st January!
★ Cloud Accounting – Taking advantage of Cloud Accounting software, to make your life easier running your business, invoicing customers and getting access to the important financial information.
If you would like me to be your sole trader accountant or have a few questions about the different business structures, book a 15-minute discovery call and we can have a chat.
More Accounting services I offer:
- Bookkeeping
- Limited company accounts
- Small business accounts
- Self assessment tax returns
- VAT returns
- Payroll
- CIS
- Xero set up and training
- Dext set up and training
- Every Cloud Power Hour