Accountants Framlingham

Sole Trader Accounts and Tax

If you are just starting out in self-employment becoming a sole trader is often the most straight-forward business structure to adopt. However, it might not be the most appropriate one for you, so it’s best to get in touch – we will be happy to advise you. We offer free initial consultations to help you decide if you want to work with us and answer any questions you may have.

Once we have agreed terms we can offer email and telephone support and generally help you get to grips with getting your new business off the ground.

We can help you register for self-assessment with HMRC, advise on book-keeping and administration and inform you of deadlines and obligations, taking the worry out of it and enabling you to concentrate on what you do best.

If you are an established sole trader we will review your administration and book-keeping with you and suggest any improvements to make the most of your business and minimise your tax liability whilst making sure that you don’t claim for anything you shouldn’t. This kind of advice can save you money from the word ‘go’ – helping you avoid some of the common pitfalls such as costly mistakes in your records and late filing of tax returns.

We will get to know you and your business and can offer tailored support that you won’t be able to get from a bank helpline or a website – a truly personal service that you can rely on, from the same person every time you pick up the phone or send an email. Added to which we can meet you face-to-face when you have issues you need to discuss or for an annual review of your business and tax position.