A sole trade is the simplest form of business entity.
Historically, such form of business has been very popular, particularly for small businesses and for start ups, where an individual trades in his own right.
However, in many cases, a limited company represents a better structure, even for smaller businesses, as it can be more tax efficient and offers better protection of personal assets.
We can assist sole traders to fulfil their compliance obligations, including annual accounts, VAT Returns and income tax returns.
We can also review the business structure and, where appropriate, make recommendations to improve overall tax efficiency.