Sole Trader Services

For sole traders, I offer two accounts packages tailored to your circumstances with optional add on services to suit your needs. This ensures sole traders are not charged a fixed fee for services they do not require.

Accounts package
Starting at £30.00 per month

The two accounts packages to choose from are:

1. Simple cash basis accounting (CBA)

2. Traditional accruals accounting

Both packages include:
  • Help setting up a business bank account with free business banking 
  • Easy to use award-winning, UK-based accounting software, which can be used via desktop for that larger interface or alternatively via a mobile app, so customer invoices can be sent & photos of expenditure invoices can be uploaded on the go
  • Free safe and secure cloud storage for you to save your accounting records digitally, which means the clutter of boxes full of paperwork to meet HMRC requirements are a thing of the past!
  • Automated bank feeds and free accounting software support helpline if you choose to do your bookkeeping in-house, saving you time and making the process simpler
  • Produce end of year financial statements which consist of an annual Profit & Loss and a Balance Sheet which lets you know your business financial performance for the year
  • Calculate your tax & NIC liability and liaise with you on the amounts to be paid to HMRC and when they are due
  • Complete and file your self assessment tax return online to HMRC
  • Automated reminders for your important submission & payment deadlines
  • Annual tax review for proactive bespoke tax planning advice to maximise your tax efficiency
  • Support via phone, video calling or email for Income tax and NIC related matters including HMRC time to pay arrangement applications, if your struggling to pay your tax bill to prevent unwanted fines and interest
  • Authorised Agent with HMRC – enabling me to correspond with HMRC regarding tax affairs on your behalf
  • Free representation in the event of a HMRC investigation
  • Dealing with the transition process from your existing accounting provider or software

Vat Returns

(Optional add on)
Starting at £10.00 per month

For business who are VAT registered or have now met HMRCs criteria to become VAT registered, I offer a VAT package which includes:

  • Help setting up VAT registration with HMRC

  • Ensuring you are MTD for VAT compliant

  • Complete and file your quarterly VAT return online to HMRC

  • Liaising with you on the amounts to be paid to HMRC and when they are due

  • Support via phone, video calling or email for VAT related matters including HMRC time to pay arrangement applications, if your struggling to pay your VAT bill to prevent unwanted fines and interest

  • Authorised Agent with HMRC – enabling me to correspond with HMRC regarding tax affairs on your behalf

  • Free representation in the event of a HMRC investigation

Book-Keeping

(Optional add on)
Starting at £20.00 per Hour

If you don’t fancy doing your own book-keeping due to time restraints or its not your thing, don’t worry you can add this service on.

There is also a bespoke option of outsourcing certain elements of your book-keeping to keep this cost as low as possible e.g. you may want to generate your client invoices on the go, but not complete the bank reconciliation.

I believe book-keeping should cost book-keeping prices and not higher accounting rates. So I pride myself in charging a £20.00 hourly rate for this service. 

Financial Reports

(Optional add on)
Starting at £10.00 per report

Once a year as part of your sole trader accounts package you are provided with an annual Profit and Loss Statement and Balance Sheet, which lets you know your business financial performance for the year.

If you would like a bespoke report on a more frequent basis either monthly, quarterly or at a specified date to enable you to keep a closer eye on your businesses financial performance this service can be added on.


A more frequent financial report lets you know:

  • your profit for the period
  • your profit for the year to date
  • break down of your costs in a bespoke layout

This provides awareness on how much your spending on all cost types and knowing your costs is an important and useful tool in helping control those costs, especially in these current times of rising prices.

It also acts as an aid in the decision making process.


The bespoke report will be produced in a PDF format from your accounting software included in the accounts package.

Payroll

(Optional add on)
Starting at £20.00 per month

If you have employees we offer a payroll package which includes:

  • Processing monthly payroll
  • Processing Statutory payments e.g. (SSP) and (SMP)
  • Produce monthly payslips for your employees

  • Submission of your monthly RTI return to HMRC
  • Produce the data required for your auto-enrolment pension submission
  • Liaise with you on the amounts of employer & employee NIC and Tax to be paid to HMRC and when they are due
  • Produce P45’s for employee leavers
  • Produce yearly P60’s for your employees

  • Support via phone, video calling or email for     Tax & NIC related matters including HMRC time to pay arrangement applications, if your struggling to pay your tax bill to prevent unwanted fines and interest
  • Authorised Agent with HMRC – enabling me to correspond with HMRC regarding tax affairs on your behalf

pension management

(Optional add on)
Starting at £20.00 per month

If you have eligible employees and prefer not to manage the auto-enrolment pension scheme yourself, I offer a payroll management service add on package which includes:

  • Monthly submissions to your pension provider

  • Liaise with you on the amounts of employer and employee contributions to be paid to your pension provider

  • Enrolment of eligible staff into your workplace pension scheme

  • Process leavers or employees opting out from your workplace pension scheme

  • Ensuring your business is compliant with the pensions regulatory requirements

  • Complete a yearly review before annual statements are sent from your pension provider to your employees to ensure all changes of circumstances required that have occurred during the year have been updated.

  • Support via phone, video calling or email for help with your employee’s questions regarding pension deductions and further understanding of pensions

  • Corresponding with your pension provider on your behalf

Tailored Quote

For a tailored no obligation quote or if you have any questions please get in touch.

Practice Compliance

IAB Practice Licence Number: 500124443

Data Protection Registration Number: ZB521444

Telephone
07719650790
email
Address

138 Capenhurst Lane

Whitby

Ellesmere Port

CH65 7EW

United Kingdom

 

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