
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More

Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
Frequently asked questions
What specific records must a sole trader keep for HMRC?
As a sole trader, you must keep records of all your income and expenses. This includes sales receipts, invoices, bank statements, and records of any personal money used in the business. You must also keep a record of any goods taken for personal use. These records are essential for completing an accurate Self Assessment tax return and are required by HMRC for at least five years after the 31 January submission deadline.
How can an ACCA or ICAEW accountant help with my Self Assessment?
An accountant with ACCA or ICAEW qualifications brings a high level of expertise to your Self Assessment. They will ensure your tax return is completed accurately and submitted on time, identifying all allowable expenses to reduce your tax bill. They can also provide advice on payments on account and help you plan for your tax liabilities, offering professional representation should HMRC ever query your return.
When is a sole trader required to register for VAT?
You must register for VAT if your total taxable turnover for the last 12 months exceeds the current threshold, or if you expect it to in the next 30 days. You can also register voluntarily. A qualified accountant can analyse your figures to advise on the best approach, and they can manage your VAT returns and records to ensure you remain compliant with HMRC regulations.
What is the difference between a bookkeeper and an AAT qualified accountant?
A bookkeeper typically handles the day-to-day recording of financial transactions. An AAT qualified accountant has a more advanced skill set, allowing them to prepare financial statements, complete tax returns, and offer strategic advice. While a bookkeeper is useful for data entry, an AAT accountant can analyse the figures, help with budgeting, and ensure your accounts are prepared correctly for HMRC.
Can an accountant help me if I have missed the HMRC tax return deadline?
Yes, an accountant can assist you if you have missed the deadline. They can help you file your return as quickly as possible to minimise any late filing penalties. They can also communicate with HMRC on your behalf to explain the circumstances and potentially appeal against any fines, providing professional support to resolve the situation efficiently and reduce your stress.
How does a professional accountant help with tax planning for a sole trader?
A professional accountant provides proactive tax planning to help you legally minimise your tax liability. They will review your income and expenditure to advise on allowable expenses, timing of purchases, and pension contributions. They can also help you structure your business efficiently and set aside the correct amount for your tax bill, ensuring you are never caught off guard by a large tax demand.
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