Small Business Accounting for Sole Traders
Looking to set up your new sole trader business? Or perhaps you’re thinking of switching accountants to get a more personal service. At iFinance Department, we understand that you need much more than just tax returns. We’ll support you and give you financial advice that will help steer your business and ensure you become a success.
Our friendly, expert advice is supported by our Silver Champion partner status with Xero. This allows us to offer you the world’s leading accountancy software, with implementation, support and management. Manage your Sole Trader company from anywhere, from any device.
Sole Trader Accounting Services
The hardest part of being self-employed is dealing with tax, receipts and accounts. Whilst traditional accountants can be out of reach for many sole traders, our services provide affordable, yet vital financial support. From ensuring you keep on top of the books to providing actionable, easy to understand financial reports, we’ll be with you every step of the way. Our unique accounting service combines Xero online software with expert advice and support. Our team will ensure your returns are filed, accounts completed, financial trends spotted and investment opportunities highlighted. Trust a true financial expert to ride with you on your business’s journey.
Sole Trader Accounting from £29.50 p.m.
Why iFinance Department?
Looking to set up as a Sole Trader?
If you’re starting a business, then setting up as a Sole Trader is the easiest way to trade. You can do this by visiting HMRC online and registering your new business. At iFinance Department, business set-up is included when you select any of our accounting packages.
As a Sole Trader, you have a number of responsibilities, so having a dedicated accountant can help give you peace of mind and ensure your business is compliant with the minefield of regulations out there. In short, your Sole Trader business will need to do the following:
- Keep a record of all receipts, expenses and invoices.
- Complete a self-assessment tax return
- Pay national insurance contributions and self-assessment tax.
- Keep a record of incomings and expenditure.