Self Employed

If you are a sole trader or in a partnership we can provide competitive accountancy and taxation services ensuring excellent value for money at all times.

Our accountancy services for an individual with income from self employment includes:

  • Completing your annual accounts and tax return
  • Advising you of your tax liability
  • Submitting your tax return and supplementary pages to HM Revenue & Customs
  • Identifying suitable tax planning opportunities
  • Completing all necessary tax computations
  • Deal with all correspondence from HM Revenue & Customs
  • Provide all year access to a tax expert

VAT Guidance

Being VAT registered means you can reclaim VAT on purchases that you have been charged VAT on. Using the standard VAT accounting method means that every quarter you would be required to fill in a standard VAT return form (online only). This must include all output tax and all input tax. We can prepare your VAT return for you and advise you on which VAT scheme is most suitable for your business.

Initial Business Advice

If you have an idea for a business we can help you to evaluate the idea in a constructive and realistic manner. We will also help you:

  • Decide on the most suitable structure for your  business – sole trader, partnership, or limited company
  • Prepare a business plan, cashflow projections,  budgets, and trading forecasts.

If you are running your own business or are considering setting one up, getting to grips with what expenses you can and cannot claim will help you minimise your tax bill while staying on the right side of HMRC.

We provide an expenses guide for business owners to provide you with information to help you keep your business outgoings as tax efficient as possible. Our guide covers:

  • Claiming mileage allowance when using your own vehicle for business journeys
  • Is it a business expense or a capital expense – what’s the difference
  • Travel and subsistence – how to claim it correctly
  • Working from home – what claims can you make
  • Buying gifts for clients
  • Entertaining clients and staff parties – the options available
  • Specific business expenses – work clothing, profession subscriptions etc

Click here to receive your free guide. Or click here to contact us by email or phone 0161 485 7449

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  • wp socializer sprite mask 16px Self Employed