Sole Traders find it time consuming and difficult to handle financial matters like accounting and taxation due to various responsibilities like –
- Submitting a Self Assessment tax return each year
- Always pay Income Tax on profits made by your business
- Pay your National Insurance
- Register for VAT if eligible
- Pay various bills related to your business
- You’ll need to register with the CIS (Construction Industry Scheme) if you are a contractor or sub-contractor in the construction industry.
Because of these reasons sole traders should find an expert solar trader accountant who will provide all the help and expert advice on it. Our expert sole trader accountants are always here to help you with all your questions and queries.
HP Accountax sole trader accounting service includes:
- VAT Registrations & Returns
- Payroll Registrations
- RTI Returns
- Bookkeeping
A sole trader needs to take faster decisions because as a sole trader you’re the owner and the manager, therefore you need to take decisions without anybody helping you with it. All sole traders need to complete profit and loss account and file yearly self assessment tax returns. As a sole trader, you’ll need to keep all the receipts, do tax payments, and national insurance.
Therefore HP Accountax is a one stop solution for sole traders who will help you in doing most of your accounting and tax related work.