Sole traders often need to prepare accounts so they can come to accurate picture on their incomings and outgoings and calculate more accurately their profits chargeable to tax.
AGA Accountants and Tax advisors have years of experience in preparing accounts for unincorporated businesses. We can advise you where you can save tax and ensure your accounts and tax affairs are HMRC compliant and prepared under a faire and reasonable basis.
Sole traders must file a self assessment tax return every year and pay taxes by 31 January of the year with additional payments being made on 31 July of the next year depending on the size of your tax liability.
Sole traders can also choose to form Limited Companies.
AGA Accountants can advise on the best structure for your business and also form Limited companies correctly.