Sole Traders
Making the jump from a regular employee to running your own self-employed business can be daunting. Whilst the allure of managing your own hours and the prospects of making more money are tempting freedoms, there is an additional responsibility for keeping on top of your finances and statutory requirements.
As a business owner, you have to make sure everything gets done, from day-to-day sales and marketing to recording receipts, bills and invoices.
We understand that time is your most valuable asset and choosing the correct accountant is important to your business success.
With PKPI, your dedicated accountant will handle your bookkeeping for you. We will supply you with comprehensive cloud accounting software which will track your income and expenses. All you need to do is scan and send your receipts to us and we'll do all the hard work for you.
As Making Tax Digital is brought into play, using MTD qualified software has gone from convenient to a necessity. Fortunately, our accounting software makes logging your income and expenses extremely simple and we will help you pay the correct income tax and national insurance on your profits.
That isn't all! We endeavour to learn as much about your business as possible so that we can provide the best support where its needed. Our personally tailored service will:
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assist and provide guidance on tax matters for sole traders
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prepare accounts to the required formats
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annually review if incorporation is beneficial for you
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tax planning advice
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ensure you claim all tax reliefs to minimise your tax liability
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calculate your tax liabilities as soon as possible