for Sole traders & self employed
I know that sole traders and
self employed need accounts prepared
which are typically used as a basis for income
tax returns and banking purposes.
When preparing these
accounts, I would highlight any issues that will require attention
and make specific recommendations for improved financial
control within their business. I also
ensure that they
meet their VAT requirements.
would also prepare and file their income tax return making sure
that they maximize the exemptions available to them.
I also provide a wide range of
accounting support services to suit
individual clients, including payroll, bookkeeping and other
top tips for sole traders & self employed
your cash and ensure that you chase debtors for timely payment
a separate business bank account
for preliminary tax payments in October.
sure you claim all business expenses including working from home costs
your income tax returns on time and claim all exemptions
that you make timely returns and payments for all taxes e.g. PAYE, VAT.
a cashbook that lists cash receipts and cash payments
that you do proper payroll and meet all Employer legal requirements
about having a pension
purchasing and expenditure