sole trader - £35 per month

If for one person only, (i.e. yourself) it could be, you should decide to become a “Sole Trader”. This is the simplest way of trading. There are only a few formalities to trading this way, the most important of which is informing HMRC within 3months from day you start trading. You are required to keep business records in order to calculate profits each year, and they will form the basis of how you pay your tax, and national insurance. Any profits generated in this manner are automatically yours. The business of a sole trader is not separated from the proprietor’s (that is your own) personal affairs so that if there are any debts, and or liabilities, you are legally liable to pay those debts down to your last worldly possession.

It covers the following services
 Registration of your business with HMRC
 VAT registration, including registration on the Flat Rate VAT scheme
 Opening a business bank account
 PAYE registration
 Advice on how much income you can draw from the business
 Quarterly VAT Returns
 Prepare Annual Accounts
 Prepare your Personal Tax Returns/ Partnership Tax Return
 Regular News Updates emailed direct to you
 Telephone Helpline
 NO spreadsheets to complete!
 Monthly/Quarterly calculation of PAYE/NIC payments
 Annual PAYE Returns (P35, P14 & P60’s)
 Annual P11d preparation
 Book Keeping