Slide 1
Hitch-Free Accounting Solutions For All
Slide 2
Tax Refund Analysis
Slide 3
All-inclusive Accounting Solutions
Slide 3
Reliable Business Auditing
previous arrowprevious arrow
next arrownext arrow

Self Employed

Our Self Employed Accounting Service help Startups , Business owners, SME’s, Freelancers & Entrepreneurs. If you are self-employed, you would need to complete a Self-Assessment tax return every year.

A tax year runs from 6th of every April to 5th of the following April. We can prepare your annual tax return known as Self Assessment Tax Return and file it online or in a paper form. You would probably need to pay any Income Tax you owe for a tax year in two installments that is January and July, plus a final ‘balancing payment’.

Self Employed Services we can provide you:

  • Register you as a sole trader/ Self Employed where needed
  • Prepare your self-assessment tax return & discuss the periods’ affairs with you so that you have full knowledge of your business
  • File your Self-Assessment tax return once you are satisfied
  • Guide you on how the tax system works in UK Tax, National Insurance rates, etc.
  • Guide you on excellent record keeping
  • Guide you on whether your business needs to be VAT registered, and explain to you about available VAT schemes
  • Provide you with a list of possible allowable expenses
  • Advise you about the tax liability & due dates
  • Act as an agent on your behalf and deal with HM Revenue Customs
  • Email and telephone support throughout the year

Information required to set up as Self Employed in the UK

Upon registration, a sole trader needs to provide the following information:

  • Business name
  • Business address
  • National Insurance (NI) number
  • Birthdate
  • Contact details including telephone, and email address
  • Type of business
  • Beginning date of self-employment
  • Sole trader’s Unique Tax Reference (UTR)
  • Business UTR
  • If applicable, details about business partners

We are a business-friendly Accountancy firm that understands the everyday challenges you face in running a successful operation. click here for free consultation.

Latest News

Behind Every Successful Business is a Smart Accountant.

Our goal is to deliver peace of mind to every client. We take pride in our ability to take accounting and financial burdens off your plate.

Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2022

Accountants are key gatekeepers for the financial system, facilitating vital transactions that underpin the UK economy. As...

FRC unveils new audit firm governance code

For the largest audit firms, it sets out a ‘clearer distinction’ between the role of Independent non-executives...

Manage your business finances for incremental growth

Accounting for revenue and expenses can help keep your business running smoothly. Make sure you maintain proper...

UK ACCOUNTING STANDARD

In accountancy, standards are used to ensure consistency throughout the industry. They also exist to promote transparency...

UK Budget 2021 sets path for recovery

In a Budget which ‘meets the moment’, the Chancellor on 3rd March, set out a £65 billion...

How to Go Self-Employed: Essential Guide from Finance Experts

Self-employment is on the rise, and it has been for quite some time. Figures show that since 2001,...