We make a difference!
Self Employed
Being self-employed means complete responsibility for every aspect of your business
In the first quarter of 2019, there were over five million people self-employed (sole traders) in the UK.
There is expected to be a steady increase in the number of people starting and managing their own business.
You may be in the process of joining them, taking the bold step to turn your dream of running your own business into a reality.
It comes with many responsibilities, including financial responsibility. Not only do you need to make money to pay yourself, as you expand and employee staff, you will also need to ensure that you pay them correctly and on time.
Then there is tax to calculate and pay, along with pensions and National Insurance obligations.
For many self-employed people, they turn to an accountant for help. But do you really need one?
Why do self-employed turn to accountants for help?
As a business, there will be many things you outsource, such as social media management or website design. It is probably a fairly accurate assumption, however, that the first thing someone who is self-employed does is turn to an accountant for help in managing their finances.
Financial Responsibilities
The way we pay tax in the UK is about to change with the Making Tax Digital initiative.
For all businesses, including small businesses and sole traders – and to do so more frequently, with tax payments made every quarter.
Minimising Tax Liability
How much tax you pay depends on how much profit your business makes.
Clearly, you want to make a profit but you also want to keep hold of as much of the profit you make as possible to reinvest back into your business and to grow it.
Tax rules changes with some benefitting your business and some not. We will keep you stay on top of all these changes?
Save you time
We will save you time by doing all the work needed to file your tax returns and to meet all the other financial obligations placed on people running their own business. As you grow, you will find a professional relationship with an accountant is one that you rely on more and more.