Sole Trader Accountants
If you work as a sole trader, you will need a set of accounts prepared along with your self-assessment and calculate any taxes payable. It’s always worth hiring specialist sole trader accountants as it helps to have a lot of experience with the business setup.
Depending on your turnover, you may also need to register for VAT. And it’s always worth getting expert accounting advice on whether becoming a Limited Company would put your business on a stronger financial footing.
Even when you work for a company and pay tax through PAYE, if you earn extra income such as rent on a second property, you’ll need to register for self-assessment for the purposes of paying tax on this additional income.
Accountants for Sole Traders
As specialist sole trader accountants, we’ll help you register for self-assessment and, where applicable, VAT. We’re here to provide you with the accountancy and bookkeeping expertise you need to stay compliant with HMRC while maximising your income.
When you’re running your own business, you have enough on your plate. No matter what industry you’re in, there is a lot for you to do in terms of your workload, handling your employees, and keeping your clients happy. At Braant, we want to ensure you can focus on doing all those things to your best ability, which is why we take charge of your finances.
Whatever accountancy tasks you want doing, our experts are up to the task. We understand that sole traders have different needs to big corporations, and we provide you with a specialised service that will take all your individual needs into account. We work closely with you from start to finish, ensuring that all aspects of your finances are taken care of, so you can continue working on building your business.
Benefits of Sole Trader Accounting
Using Braant as your sole accountants come with a wide range of benefits. Not only will you be able to stay on top of all the recent tax regulations, but we will also work with you to enhance your overall cash flow and ensure you’re receiving the revenue you deserve. With a helping hand like ours, you’ll be able to get to the top of your industry in no time.
While our accountants know how to save you money, we also know how to save you time. We understand that as a sole trader, you’re extremely busy, and we don’t want to add another task to your already high pile. Our specialists save you the time of worrying about whether your payroll processes are in check or if you’ve filed for tax returns, so you can rest easy and continue to grow.
At Braant, we put you first. Our experts are on hand whenever you need us, and we promise to always be there. If you’re looking for an accountant that cares about you and your business, then you’re in the right place.
Contact us today – to get in touch with our specialist sole trader accountants.
We have the resources, the experts, the knowledge and experience to help your business grow. And with over 1,000 accountancy clients in the UK and London, the volume of our work allows us to share economies of scale with you.
Why choose Braant Accountants?
At Braant Accountants, we understand what sole traders need. Our experts are fully trained in all aspects of UK tax law, ensuring all your paperwork is drafted and completed by the most meticulous standards and meeting deadlines.
We work with you directly, learning the ins and outs of your business so we can offer you tailored and comprehensive support. No matter what questions you have regarding your taxes or finances, we are always here to advise.
Accountancy services we offer sole traders
Our sole trader accountants offer a wide range of services to ensure you get the most out of working with Braant. Some of our most popular services include the following:
- Bookkeeping: We keep track of all income and expenses regarding your business.
- Payroll: If you have employees, we will manage your payroll by calculating salaries, taxes and processing payslips.
- VAT: We can assist with VAT calculations and returns and ensure compliance with VAT regulations.
- Tax planning and compliance: We help you understand your tax obligations, ensuring you meet deadlines for filing tax returns and identifying opportunities for legitimate tax deductions.
FAQs
Do I really need an accountant as a sole trader?
While it’s not legally required to have an accountant as a sole trader, having one can be highly beneficial. Accountants can help you stay organised, save time, ensure accurate financial reporting, and maximise tax deductions, ultimately saving you money in the long run.
Can an accountant help me save money on taxes?
Our accountants are well-versed in tax regulations and can identify legitimate entitlements and credits you may not know. By optimising your tax planning and compliance, we can help reduce your tax liability and potentially increase your tax refunds.
What records do I need to keep for my sole trader business?
As a sole trader, you should keep records of all business income and expenses, including invoices, receipts, bank statements, and any other financial documents. Proper record-keeping is essential for accurate financial reporting and tax compliance.
Can an accountant help me if I’m just starting as a sole trader?
Yes, our accountants can be especially helpful during the early stages of your sole trader business. They can assist with business registration, choosing the proper legal structure, setting up accounting systems, and providing financial guidance to set you up for success.
Contact our sole trader accountants today – to see how we can help your business grow.
We have the resources, the experts, the knowledge and experience to help your business grow. And with over 1,000 accountancy clients in the UK and London, the volume of our work allows us to share economies of scale with you.