Accounts Preparation for Sole Traders & Partnerships
The Challenge
As a sole trader or partnership, navigating complex tax regulations while maximizing legitimate deductions can be overwhelming. Many business owners overpay tax or face penalties due to incorrect filings.
Our Solution
We prepare comprehensive, HMRC-compliant accounts that minimize your tax liability while ensuring full compliance. Our expert team handles everything from bookkeeping to final submission, giving you peace of mind.
Services Included
- Preparation of annual accounts and profit & loss statements
- Self-assessment tax return completion and submission
- Capital allowances calculation and optimization
- Partnership profit allocation and individual tax returns
- Trading and property income analysis
- National Insurance calculations
- Tax planning for future years
- HMRC correspondence management
Key Benefits
- Save up to 40% on tax through legitimate deductions
- Avoid penalties with accurate, timely submissions
- Fixed fees - no hidden surprises
- Free tax planning consultation included
- Digital submission for faster processing
- Year-round support and advice
Frequently Asked Questions
What's the deadline for sole trader accounts?
Self-assessment tax returns must be submitted by 31st January following the tax year end (5th April). We recommend starting preparation by October to avoid rush fees.
How do partnership accounts differ from sole trader accounts?
Partnerships require additional forms (SA800) and profit allocation statements for each partner. We handle all partnership-specific requirements including individual partner returns.
Can you help if I'm behind on multiple years?
Yes, we specialize in catching up on overdue accounts. We can prepare multiple years' accounts and negotiate with HMRC regarding penalties.