Self-Assessment For Sole Traders
Need your self-assessment taken care of?
At SBX, we understand that self-assessment as a sole trader can be a challenge. You’re managing your books and facing HMRC requirements, which can feel daunting. We’re here to ease that burden with a reliable service to handle your annual tax return, ensuring your trade profits, losses, and personal income are accurately reported for compliance.
Support Tailored to You
For those with straightforward income - such as freelancing or a small retail business - our flat-fee return preparation offers a practical solution. We’ll review your records, calculate your taxable income, and submit your Self-Assessment, keeping costs manageable and the process straightforward.
Handling Complex Finances
If your situation involves complications like rental income or investments, we step in with ICAEW-standard accounts. This includes detailed profit and loss statements and a focus on identifying tax savings, such as allowable expenses or reliefs, to optimise your finances.
Looking Ahead
We also assess your overall financial picture to determine if switching to a limited company could improve your take-home pay. We’ll consider tax rates, setup costs, and long-term benefits, guiding you through the process if it suits your goals, including registration with Companies House.
Why Choose SBX?
- Expertise: Our team is well-versed in HMRC rules and ICAEW standards.
- Personalised Service: We adapt our support to your business needs.
- Efficiency: We take care of the paperwork, saving you time.
- Forward Thinking: We help you plan for future tax savings.
Next Steps
Arrange a free consultation to discuss your needs or download our sole trader self-assessment guide from our website. We can cover topics like claiming expenses and explore the limited company option in detail. Get in touch to get started.
