Sole trading is the easiest, cheapest and least formal way in which to set up in business as well as manage that business. As a sole trader, you run a business as an individual, make all decisions affecting the business and own all the assets of the business personally, meaning a sole trader keeps all the profits of the business after the relevant tax has been paid. Operating as a sole trader means having sole responsibility for the business. It does not, however, mean that the sole trader has to work alone, many choose to work alone but sole traders can, and often do, take on staff.

As a sole trader, you are personally liable without limit for any debts and contracts the business has, and from a legal point of view, there is no difference between the business and the individual. This means that as a sole trader your personal assets are at risk if the business fails to pay its creditors.

Don’t risk losing your personal assets! Take advantage of our bookkeeping services so we can share our knowledge and experience of tackling the financial challenges faced by sole traders.

Setting up business as a sole trader for the first time? Struggling to get your head around sole trader taxation? You will not be alone. Even years down the line, many sole traders can find it difficult to get all of their figures together to file tax returns. However, it is crucial that you make sure you file sole trader tax accurately and on time. Otherwise, you may face fines and the tax authorities may take further action against you.

Why not let a team of local, leading sole trader bookkeeping experts help out? If you are in need of a cheap sole trader bookkeeper, our competitive packages and pricing scale may surprise you. With our services, you get guaranteed access to a qualified, experienced bookkeeper who knows exactly how to crunch your numbers the right way.