What is a Sole Trader?

A Sole Trader is an individual that owns and runs a business.  A Sole Trader is fully liable for any debts and contracts the business has and from a legal point of view there is no difference between the business and the individual.

Many people often start trading as a Sole Trader because it is the most simplistic way to begin and trade,  then progress to operating through a limited company later on when the business starts to make reasonable profits.

At Certax Bolton South we can take care of all the accounting and taxation requirements of Sole Traders for a competitive low cost monthly fee.  We can offer many Sole Trader accounting services including help with registering the business and offer ongoing support and assistance going forward. 

Why Sole Traders love our service?

Sole Traders tend to be small businesses and so need as much help as possible from their accountant.  This is why we offer Sole Traders unlimited help and advice throughout the year, included within the monthly payment.

We monitor our Sole Trader clients on a regular basis to ensure that they are operating as tax efficiently as legally possible.  With every piece of work that we do we look to make recommendations to improve your business.  These recommendations could include advice on how to better keep records, tax efficiency suggestions.  or even suggestions of an insurance company that would be able to give you a better quote.

Although tax inspections are rare, it is possible that you could be investigated at random.  In the event of a HMRC investigation we would represent. We would fight your corner and ensure that HMRC receive only the money they are due and not a penny more

We can complete the bookkeeping for our clients or alternatively they can complete the bookkeeping themselves to keep costs to a minimum.  We provide simple spreadsheets or booklets to our Sole Trader clients which help them to keep their records properly and in a way that we can use their information to complete accounts.

We have produced a number of guides written in plain English for clients which outline the basics of running a business along with details of how the tax system works,  their obligations and deadlines which need to be met.  These guides are sent to all new clients at no additional cost.  If you would like to know more about our Sole Trader accounting services then please contact us.

What’s included in our Sole Trader package

  •  A full set of accounts
  •  Regular tax efficiency and business recommendations
  •  Completion and submission your self-assessment
  •  Representation in the event of an HMRC investigation
  •  Business guides and resources
  •  Unlimited help and advice
  •  Automatic regular reminders for all of your important deadlines
  •  Access to a financial advisor, legal advisor and insurance broker
All of the above is included from just  £18.99 per month