Sole Trader Accountant

Ascentant’s specialist self-employed and sole trader accountancy services ensure your books are kept up to date, giving you peace of mind. Whether you are a designer, consultant or architect let us look after your accounts while you focus on growing your business.

Our experts can assist with tasks such as registration with HMRC in addition to the production of annual financial accounts and Self Assessment Tax Returns.

Your annual accounts will need to be prepared to the tax year 6^th April to 5^th April each year. We recommend keeping a separate bank account to record transactions for self employed or sole trader business activity and either Cloud software such as Quickbooks.

Our sole trader accounts services include:

It is common for sole traders to find that some expenditure may be disallowable for tax purposes such as some meals, entertainment or travel expenses. We can provide advice and guidance on these.

There are also allowances that sole traders may be able to claim such as home office expenses which are tax-deductible.

Once we have produced the annual accounts and understand the profitability or loss position of the business activity, we produce the Self Assessment Tax Return to include:

We are then able to produce your SA100 Tax Return along with SA302 summary. We can advise if a payment on account of tax is required in addition to tax on your current tax year.