INDIVIDUALS

INDIVIDUALS

Trading as an individual remains the most prevalent way to start your business. This is an easy and flexible way to keep your business affairs simple, straightforward and have complete control over the way you run it. You could be selling products in shop or online, or trading in the service sector as photographers, social media influencer, plumbers, hairdressers, shops, real estate agencies and bed & breakfast hotels.

The tax laws however don’t distinguish whether your run your business as a registered company/ partnership or as an individual/ sole trader. There are certain responsibilities and rule to follow in order to run your business for example, threshold to register your business as sole trader with HMRC, keep business records and records of expenses, send a Self-Assessment tax return every year, pay Income Tax on your profits and National Insurance, register for VAT if your turnover exceed the defined threshold etc.

 

Whether you are a sole trader, salaried person, wages earner individual, a business owner, or a company director, we understand uniqueness of personal circumstances and complexity of tax obligations and advice accordingly to minimise you tax bills and maximise your wealth using a compliant and efficient approach.

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Contractors and Freelancers

Contracting and freelancing is a popular choice for professionals due a number

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Sole Traders

Sole trader is the easiest way to start and run a business.

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Locum Health Professionals

Locum offers great benefits for health professionals such as greater flexibility

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Employed Individuals

If you are an employed individual, most of your tax responsibilities are likely

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Landlords

Landlords have to constantly juggle around numerous time-consuming

Please reach out today for a free, no-obligation consultation and to discuss your specific accounting and tax needs and understand comprehensive services on offer for Individuals.