If you work as a sole trader, a limited company or partner in a business, you will need to file an annual tax return.
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 if you work for a company and pay tax through PAYE, if you earn extra money such as rent on a second property, you’ll also be a sole trader for the purposes of paying tax on this additional income.
At Braant, 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.
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.