Sole Trader owners are classed as self-employed, therefore have a set of tax rules and regulations to work to. But if you’re a Sole Trader, you’re not actually legally required to appoint an accountant. So you could do it all yourself.
Why are we – a firm of Accountants – telling you this? Well, because we believe that just because you could do it yourself doesn’t mean that you should. After all, we could plaster our own ceiling, but to be honest, we think it’s safer to leave it to the professionals.
Tax is complicated and it’s the reason why Accountants spend years studying and countless more hours keeping up to date with changes in tax legislation.
Professional accountants also understand how to deal with the authorities and how and when to submit information to HMRC. And any Sole Trader accountant worth their salt will be able to save you money by giving you the best advice to make your business tax efficient whilst staying on the right side of the tax man.