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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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
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Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More

Financial Claims Consultants
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SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
Frequently asked questions
What does an accountant for sole traders do?
An accountant for sole traders manages your Self Assessment tax return, ensures accurate bookkeeping, and identifies allowable expenses. They also provide advice on tax planning, VAT, and HMRC correspondence. By handling financial records and deadlines, they help you avoid penalties and keep your business finances organised, allowing you to focus on your day-to-day operations.
How can a sole trader accountant help with HMRC?
A qualified accountant acts as your agent with HMRC, handling queries, resolving disputes, and ensuring your tax returns are submitted correctly. They can also set up payment plans, claim tax reliefs, and advise on Making Tax Digital requirements. This reduces the risk of errors and audits, giving you confidence that your tax affairs are fully compliant.
Why choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualified accountants have undergone rigorous training and must adhere to strict professional standards. They stay updated on tax laws and financial regulations, ensuring you receive accurate advice. Their qualifications also mean they are regulated, providing you with protection and recourse if issues arise. This level of expertise is particularly valuable for sole traders with complex financial situations.
What is the difference between a sole trader and a limited company?
A sole trader is self-employed and personally liable for business debts, whilst a limited company is a separate legal entity with limited liability. Sole traders pay Income Tax and National Insurance on profits, whereas company owners pay Corporation Tax and dividends. Many sole traders start with an accountant to assess which structure best suits their needs, as switching later can have tax implications.
How much does an accountant for sole traders cost?
Fees vary depending on the complexity of your finances, the level of service, and the accountant's location. Many accountants offer fixed monthly packages or one-off fees for tax return preparation. It is advisable to request quotes from several firms and compare what is included, such as bookkeeping, tax advice, and HMRC correspondence. This ensures you find a service that fits your budget and needs.
When should I hire an accountant for my sole trader business?
It is best to hire an accountant as soon as you start trading, even if your income is low. Early advice can help you set up proper records, understand your tax obligations, and plan for payments. An accountant can also help you register for Self Assessment and VAT, ensuring you meet deadlines from the outset. This proactive approach saves time and money in the long run.
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