Contractors & Freelancers

Sole Traders: What Could An Accountant Do For You?

By December 10, 2016February 16th, 2021No Comments

Keeping accounts can be complex, but many sole traders are committed to doing them themselves. They imagine that engaging a professional simply wouldn’t be cost-efficient, and that it will be easier and more economical to take responsibility.

If you’re a sole trader weighing up your options, you may well be at the point where you’re starting to realise that it’s a little harder than it looks. If you’re wondering how we could make it easier for you, here are a few points to consider…

 

We can help you to correctly fill in and file your tax forms

Tax forms are not as straightforward as they look, and even if you have a very simple business model, it’s easy for laymen to get it wrong. If this does happen, it can be bad news for your finances.

At best, HMRC will send it back for you to have another bash before re-submitting; at worst, you’ll end up missing the deadline for important documents. This could lead to a fine, as well as your forms being sent to a tax inspector, whose job it is to go through your finances in minute detail. When you use an accountant, this won’t happen.

 

We can help to minimise your tax bill

Not only can we help you to fill in your forms, but we can also ensure that they’re completed in the most cost-effective way for your finances. We know all of the legal loopholes and we can make certain that you take advantage of any chances to minimise your tax bill. When you look at it that way, our services essentially pay for themselves.

 

We can help you to plan ahead

This process of working to minimise your outgoings is not just a one-time opportunity; when you work with us, we can offer all-year round advice to help you operate in the way that provides you with the greatest tax advantages.

If you’re looking for a suitable accountant in the Stockport and Manchester area, contact us today to learn more.

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