Sole traders & partnerships

Intelligent accounting

.Running a business, alone or with a partner or partners, is exciting. Or at least, it should be. But with so many plates to spin at once, it can be challenging. The last thing you need is trouble with compliance and tax paperwork.

That’s why we love working with sole traders and partnerships – so we can do what we do best while you do what you do best. We can do your self-assessment tax returns for you, keep the books up to date and calculate your tax liabilities to avoid any nasty surprises. We understand your time is more valuable to you than most, and always work with that in mind.

Business and tax advice

We don’t just like to stick to compliance work, though. We want to be part of your journey and help you succeed. So, we’ll provide professional guidance on tax matters and claim every tax relief you’re entitled to so you pay only the tax you owe.

We can give your business a health checkup, so you can act confidently. We’ll always be available to provide you with general business advice, too, no matter how big or small the problem might be.

Our team would also be happy to conduct an annual review on whether incorporation would be the best next step for your sole proprietorship or partnership. While incorporation means more administration and extra costs, the better tax situation for both the business and you personally will be worth it.

From 6^th April 2024 all sole trading business and property rental business that have a turnover / rents over £10,000 pa will have to file returns under making Tax Digital (MTD). Partnerships will be 12 months later.

Let’s talk, to get your review set up.