Sole Trader
We understand that every business is unique. Our team gets to know your business so we can provide tailored advice suited to your needs — because a business is about people as much as it is about numbers.
Questions Worth Asking
- Are you clear on what you can offset against your income to pay less tax?
- Would you like to grow your business further?
- Do you have CIS deductions?
- Would you like to know your business's financial position every month?
Record Keeping
- Keep records of your business income and expenses if self-employed
- Keep records of your personal income
- If you are the nominated partner in a partnership, you must also keep partnership records
- Limited companies follow different rules
Choosing an Accounting Method
- Cash Accounting — most sole traders and partnerships can now use cash-basis reporting by default, recording income and expenses only when money changes hands
- Traditional Accounting (Accrual Method) — recording income and expenses by the date invoiced or billed, rather than when paid
We can help you spend more time running your business and less time sorting out expenses and chasing lost receipts or invoices. We offer flexible payment plans on all our services and are on hand at weekends and evenings when you need us.