Sole Trader Accounts

Becoming a sole trader is the simplest way of trading. We can assist with the day-to-day financial management and compliance.

Whilst there are numerous benefits to limited company status, many of our clients choose the sole trader option.

There are far more administration and legal requirements by going limited and many prefer the simplicity of being a sole trader. However simplicity still comes with a number of legislative compliances.

Savvy Accounting an assist you with the formation and set up of your business, as well as providing access to full cloud accounting software to allow you to manage your business wherever you are.

Sole Trader Services

  • Formation and Setup
  • National Insurance Registration
  • Bookkeeping
  • Cloud Accounting Software
  • Expenses
  • Self Assessment Tax Returns
  • VAT Registration (If necessary)

We can advise you on how to maximise your allowances prior to submission.

We will:

  • Complete your tax return
  • Calculate your tax liability
  • File the return online
  • Liaise with you on the amounts to be paid and when they are due

We will also analyse your self assessment tax return to see if any savings can be made and help minimise your risk of a HM Revenue & Customs enquiry because of late or poorly constructed submissions.