If you are a sole trader then you are liable to pay income tax and National Insurance (NI) contributions as a self-employed person. Under the rules of ‘self-assessment’ you must pay tax on all profits which arise from your business. You are obligated to declare the same by completing a tax return each year containing the details of your business’s income and expenditure. You are obligated to retain documents relating to business income and expenditure for at least 5 years after the 31st January submission deadline of the relevant tax year.
To make sure you pay your tax liability on time and to make sure you take advantage of all possible tax deductions available then why not make an appointment with your local Financial Management Centre. Click here to find your nearest centre.
CALL TODAY ON 0800 470 4820
Our sole trader clients include contractors, freelancers and other small business owners. Your annual self-assessment tax return will be written up as part of the service. We work with all market leading bookkeeping and accounting systems, including: Kashflow, Xero, Clear Books, VT Software, QuickBooks, Sage and CounterBooks.
Call today on 0800 470 4820. The Financial Management Centre has offices all around the United Kingdom. Click here to find your nearest centre.
How can we help?
Unlimited Accountancy Support
Get access to support whenever you need it with our unlimited accountancy support service.
Dedicated Team Of Client Managers
All our clients have access to experienced client managers that are dedicated to making sure your businesses accounts are managed as efficiently as possible.
Our Plans
All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.
Essential
From
£75
Per month*
Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.
Professional
From
£300
Per month*
Take away the burden of managing finances and start focusing more on your business by investing in our professional package
Ultimate
From
£750
Per month*
Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package
* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.