0161 6600 510

info@watermarkaccountants.com

Self Employment - From Just £15 Per Month

Setting up as a sole trader is a straightforward process, but it’s important to understand the financial obligations involved. As a sole trader, you’re personally liable for all business debts.

Our accountants can help you:

  • HMRC Registration: We’ll guide you through the registration process with HMRC.
  • Self-Assessment: We’ll help you set up and manage your Self-Assessment tax returns.
  • Bookkeeping: Accurate record-keeping to ensure compliance and inform decision-making.
  • Annual Returns: Timely submission of annual accounts to Companies House.
  • Payroll and PAYE: Efficient payroll processing and tax deductions.
  • Management Accounts: Regular financial reports to monitor your business performance.
  • Tax Compliance: Stay up-to-date with tax regulations and avoid penalties.
  • Tax Dispute Resolution: Expert representation in case of tax disputes.
  • VAT Registration and Compliance: Adhere to VAT regulations and claim input tax.
Clients Satisfaction 95%
Projects Completed 100%
Meet Deadline 95%

Key Considerations for Self-Employed Individuals:

  • Self-Assessment Tax Returns: File your tax return annually to declare your income and pay Income Tax and National Insurance contributions.
  • National Insurance Contributions: Pay Class 2 National Insurance contributions (unless exempt).
  • Tax Deadlines: Adhere to tax deadlines to avoid penalties.

 

Need Expert Advice?

Contact Watermark Accountants today to discuss your specific needs. Our team of experienced accountants can provide tailored solutions to help you succeed.

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