Self-employed sole traders
If you are starting your own business, running it as a sole trader is the quickest and easiest way to do it. However, you will have unlimited liability which means you are personally responsible for business debts. Another important aspect is that you are taxed on all the profits with little opportunity for tax planning. This is why most businesses will incorporate as profits increase. We can support you through business registration and provide advice on all aspects of tax including: ◦ Accounts for HMRC ◦ Self assessment ◦ VAT returns ◦ Payroll services ◦ Tax planning ◦