Conducting business as a sole trader is the simplest and one of the most popular forms of trading structure. This category includes the terms self-employed, sub-contractor, tradesman, schedule D, or numerous other similar descriptions.
As a sole trader you will deal with Margaret Falconer and her team. Margaret has been with us since 1988 and provides a friendly, reliable and expert “one-stop-shop” for accounting and tax services designed specifically for sole traders.
Typical support includes:
- general business, tax and finance advice
- personal tax advice and compliance
- preparing accounts
- reviewing your VAT registration and VAT accounting
- record keeping requirements under Self Assessment
- registering a new sole trader business with HM Revenue & Customs (HMRC) and the Contributions Agency
- representing you if your sole trader activities are under investigation by HMRC.
- comparing the tax cost of being a sole trader versus a limited company.
Instruct McBrides to act as accountants to your sole tradership and rest assured that we’ll help you to ensure all of your UK accounting and tax responsibilities will be fully complied with. We shall also actively seek to minimise the tax you pay, and keep your record-keeping simple and efficient.