MenuWe are sole trader accountants. Many of our clients are sole traders and we've helped them all to save tax and save accountants fees. Read below how we can help your sole trader business.
As sole trader accountants, we know exactly how a sole trader can save the most tax.
By trading as a sole trader you are paying the least amounts of accountants fees and keeping your taxes simple. However, there may be ways to increase your tax savings.
For example, we will advise you on exactly which expenses and allowances you can claim.
There may be an opportunity to reduce your tax by paying wages to family members.
We can also advise on whether it would be worth moving your business into a partnership or limited company to save tax or reduce your risks.
These are just a few of the many options to consider when trying to save tax as a sole trader.
All of our sole trader accountants packages include sole trader accounts.
As qualified accountants your sole trader accounts will include an accountants certificate, which your lenders will look for.
We provide you with full sole trader accounts for you and for filing with HMRC.
As soon as we've prepared your company accounts we update your bookkeeping so that it agrees with the accounts.
Personal returns are also included in all of our sole trader accountants packages.
You also receive a sole trader tax computation to show you how the tax is calculated.
We submit your sole trader tax return, sole trader tax computation and sole trader accounts to HMRC.
This is all after reducing your tax as much as possible using various legitimate claims and allowances.
One personal tax return is included in all of our sole trader accounts packages.
All packages except Annual come with unlimited advice.
If you need an accountants reference for loans or credit e.g. a mortgage, we don't charge for that.
Also included in our fees are basic forms required by HMRC such as changes to contact details.
We don't charge extra for registering the sole trader business for various taxes such as PAYE and VAT.
If you need VAT returns, management accounts, bookkeeping, payroll or pension services, you can change your package at any time.
Our accountants fees for sole trader accounts and other services are shown below, excluding VAT.
Sole trader accounts
1 hour of advice per year
1 personal tax return
Other services listed above
Everything included in Annual, plus:
Unlimited advice
Quarterly reviews of your online accounting software
Everything included in the Annual+ package, plus:
VAT returns
Quarterly management accounts and adjustments to your software
Everything included in Quarterly, plus:
Bookkeeping for up to 50 transactions per month
Monthly management accounts
Extra Bookkeeping – Extra £33pcm plus VAT for every extra allowance of 50 transactions per month.
Payroll – Extra £11pcm plus VAT for up to and every 4 payslips per month.
Pension – Extra £11pcm plus VAT for up to and every 4 employees.
See at a glance what’s included in our fixed accountants fees for sole traders. You can change packages and add or remove add-ons whenever you need to. There is no tie-in period, you just need to pay our accountants fees for the sole trader services you receive.
| ANNUAL | ANNUAL + | QUARTERLY | MONTHLY | |
| Annual Accounts | ✓ | ✓ | ✓ | ✓ |
| Tax Return(s) | ✓ | ✓ | ✓ | ✓ |
| Forms | ✓ | ✓ | ✓ | ✓ |
| References | ✓ | ✓ | ✓ | ✓ |
| Proactive Advice | 1 hour | ✓ | ✓ | ✓ |
| Quarterly Reviews | X | ✓ | ✓ | ✓ |
| VAT Returns | X | X | ✓ | ✓ |
| Quarterly Accounts | X | X | ✓ | ✓ |
| Monthly Accounts | X | X | X | ✓ |
| Bookkeeping | X | X | X | ✓ |
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