We make sure the sole traders who use our company are well looked after.
We have a full range of services in place to provide peace of mind, from bookkeeping and profit & loss accounts, to cloud accounting and Self Assessment tax returns.
Operating as a sole trader is a good way to get your foot on the business ladder. We’re fully-equipped to advise you on the benefits and pitfalls of running your own company, and can provide ongoing support if you need it.
In order to start working for yourself, you will need to register as self-employed with HMRC. You should register the moment you start out to avoid incurring any financial penalties and to ensure you pay the right amount of National Insurance. Unlike running a limited company, if you’re a sole trader you won’t need to register with Companies House and deal with the administration that comes with it.
When you sign up to use our services, we’ll submit your annual Self Assessment form to HMRC, and keep accurate up to date records of your business transactions and profit & loss accounts (uploaded by you via our cloud accounting portal). You will be liable to pay income tax on your trading profit, and Class 2 & Class 4 National Insurance.