Sole Traders/Partnership Accounts

A Sole Trader is self-employed individual who runs their own business. If you are setting up your business, one of the easiest and simplest options you have is to become a Sole Trader. This is a great way to get your business started quickly and keep start-up costs at a minimum.

Alternatively, if you are working in partnership with someone, you will need to set up a Partnership. Whichever route is right for you, we will provide guidance on managing your accounting and taxation.  

There are also legal requirements you need to be aware of when setting up as a Sole Trader or Partnership. You must register for Self-Assessment, maintain accurate financial records, submit an annual Tax Return, and pay correct taxes and VAT. 

We have experience of working with businesses with different structures, and we understand that each business is unique and there is no one size fits all. That’s why we tailor our services to fit your needs.