If you are self-employed, a director, or a sole trader, you have to fill out the self-assessment tax return and send it to HMRC in time; otherwise, you are charged heavy penalties, which can add insult to injury in the current recession.

Let us take care of it while you have peace of mind!

Where the client has opted to work as a sole trader or has income from more than one source, HMRC requires the taxpayer to register for self-assessment and pay tax accordingly. Our unique expertise offers both self-assessment compliance and advice.

This will include the preparation of sole trader annual accounts establishing the income tax liability after claiming all available tax reliefs. In addition to this, we also provide compliance and advisory services in the following areas:

  • Inheritance tax

  • Capital Gains Tax

  • Property Business profits

  • Self-employment and benefits in kind

  • Employment income and national insurance contributions

  • Filing the partnership tax return (SA800)

  • Preparation of annual accounts

UTR registration

Unique Taxpayer Reference Numbers (or UTRs) are 10-digit codes that uniquely identify you or your business. A UTR number is a highly confidential piece of information.

Any individual with self-employed income, income from rental property, or income from the Construction Industry Scheme is obligated to have a UTR number (UTR numbers are necessary for CIS tax refund registration).
After registration, you’ll get a letter containing your Unique Taxpayer Reference (UTR)) within 10 working days (21 if you’re abroad). You have to file your self-assessment on time, either by post or online.

Business Start-Up

Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.  However, they may not be experts in the legal and financial aspects of running a business, and such matters often appear daunting. Fortunately, you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts.

We can help. Just bring us your business ideas, and we will help you make them a reality!

We will help you to:

  • Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company;

  • Prepare a business plan, cash flow projections, budgets, and trading forecasts;

  • Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals;

  • Establish a good working relationship with your bank;

  • Complete any registration procedures with Companies House and HMRC;

  • Deal with company secretarial issues;

  • Decide on what computer hardware to buy and help with the installation of accounting software;

  • Keep on top of bookkeeping, VAT, payroll and other accounting requirements; and

  • Help with all aspects of business compliance and administration.

Require more information?

If you would like more information or would like to speak to us directly, then call us today.