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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MJF ACCOUNTANCY LIMITED
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
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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...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
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
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
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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
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
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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Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...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 for your tax return. This includes sales invoices, receipts for purchases, bank statements, and records of any personal money used in the business. You should also keep a record of your VAT if you are registered. These records must be kept for at least five years after the 31 January submission deadline for the relevant tax year, as HMRC can request to see them for compliance checks.
How can an ACCA or ICAEW accountant help with my Self Assessment?
An accountant who is a member of ACCA or ICAEW has undergone rigorous training and is bound by a strict code of ethics. They can accurately prepare your Self Assessment tax return, ensuring all allowable expenses are claimed and your tax liability is calculated correctly. They will also ensure your return is filed on time with HMRC, helping you avoid late-filing penalties and reducing the risk of an HMRC investigation into your affairs.
Do I need to register for VAT as a sole trader?
You must register for VAT with HMRC if your total taxable turnover for the previous 12 months exceeds the current VAT threshold, or if you expect it to exceed this in the next 30 days. Voluntary registration is also possible. An accountant can help you determine your obligations, advise on the best VAT scheme for your business, and manage your quarterly VAT returns to ensure you remain compliant and efficient.
What are the advantages of using a certified accountant over a general bookkeeper?
A certified accountant, such as one with AAT, ACCA, or ICAEW qualifications, offers a higher level of expertise and strategic insight compared to a general bookkeeper. They can provide complex tax planning, represent you in front of HMRC, and offer advice on business structure and growth. Their professional status ensures they are regulated and insured, giving you greater protection and confidence in the accuracy of the financial advice you receive.
How does a local accountant in Southsea understand my business better?
A local accountant in Southsea is familiar with the specific economic environment and business landscape of the area. They often have established relationships with local banks and other professional services, and they understand the common challenges and opportunities faced by businesses in the region. This local knowledge, combined with their professional expertise, allows them to offer more tailored and practical advice that is relevant to your specific trading circumstances.
What should I look for when comparing accountants for my sole trader business?
When comparing accountants, consider their qualifications (ACCA, ICAEW, AAT), their experience with sole traders in your specific industry, and their fee structure. Look for clear communication and a proactive approach. Check if they offer fixed-fee packages and whether they provide support via phone, email, or in-person meetings. Reading reviews from other clients can also give you valuable insight into their reliability and the quality of their service.
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