Self Employed

In the UK, a sole trader is an individual who operates their own business and assumes full responsibility for its activities and finances. As a sole trader, you manage all business operations, from day-to-day tasks to financial decisions, and keep all the profits. However, you are also personally liable for any debts or losses the business may incur.

Your main responsibilities include maintaining accurate financial records, submitting an annual Self Assessment tax return, paying income tax on your profits, and ensuring National Insurance contributions are up to date.

An accountant can support you by offering expert advice on tax planning, ensuring compliance with regulations, managing bookkeeping, and handling tax return submissions. This allows you to focus on growing your business while staying on top of your legal obligations. 

Companies Account

If you own or are planning to start a limited company, it's important to know that you must submit a Company Tax Return each year to both Companies House and HMRC. There are strict deadlines, and it can be difficult to determine which expenses are tax-deductible.

We don’t just file your accounts with HMRC – we help you plan your taxes and develop the most tax-efficient strategy for your business.

Our approach is to stay informed about your goals and continuously monitor your company’s performance to avoid surprises when it’s time to prepare your accounts. We schedule meetings before and after the financial year to give you ample time to take any actions needed to align your company structure with your plans.