What is a Sole Trader?
A Sole Trader is an individual that owns and runs a business. A Sole Trader is fully liable 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.
Many people often start trading as a Sole Trader because it is the most simple way to begin and trade, then progress to operating through a limited company later on when the business starts to make reasonable profits.
At The Accountancy Partnership we can take care of all the accounting and taxation requirements of Sole Traders for a competitive low cost monthly fee. We can offer many Sole Trader accounting services including help with registering the business and offer ongoing support and assistance going forward. We also regularly review your business to see whether it is operating in the most tax efficient way.
Sole Trader Guide
If you have recently become a sole trader, then our advice guide is a must for you. It’s important to know what you can claim for and also what you need to get in place to start operating as a sole trader. Advice on bookkeeping and guidelines on how to initially set things up. You can download our Sole Trader Guide for FREE.