Sole Traders
As a sole trader, HMRC requires you to manage your own bookkeeping and tax filings. It can feel overwhelming to do it all yourself, but Barrie Ingram’s accounting services make the process simple—so you can focus on running your business.
Sole Traders / Self Employed
When starting out on business this may be alongside your employed position being part-time or it may be after retiring or redundancy, in all circumstances mentioned here there is a need to complete a tax return. The Tax returns in the UK are called self assessments and you choose these sections to disclose your trade.
If you are self employed or sole trading it is all considered self employed with HMRC and the only consideration is a short Self assessment or a full self assessment. In both you have to state your trade where you are trading from, which is a business address and state your start and finish dates if within the current tax year and the dates you are reporting on this tax year.
Depending on your turnover there are other considerations and although its self assessment the HMRC requires you to be quite conversant with the tax rules to declare your sales and claim an allowable expenses.
We can not only prepare accounts and your self assessment that you claim allowance in accordance with HMRC rules, we will be able to work out what other hidden agendas may exist while seemingly running a simple business. Keeping you modern, efficient and compliant.
In our initial meetings we discuss what your business entails and what your goals are helping you as we chat with areas that are deemed to be important in the eyes of regulation and those that seem to be causing you some stress.
We can continue to discuss all areas ongoing through your business journey as we are available 7 days a week 08.30hrs to 20.30 hrs, by telephone whats app and email.
When your business is growing we will be there monitoring it with you.
Let’s talk your language
Solf Traders / Self Employed
Our services include:
- Expenses & subsistence allowances
- Initial discussion to identify VAT threshold
- Self assessment & attachment submissions
- Advice on different VAT schemes and the availability
- Useful resources & apps use
- Ongoing discussions of your business suitability for incorporation
- Ongoing VAT threshold suitability advice
How Barrie Ingram Accounts can help your
Construction Business
With our Limited Company Package:
Bookkeeping
Barrie Ingram Accounts are fully modernised and in the cloud for our bookkeeping services. So whether you are personally posting transactions, conducting bank reconciliations or preparing invoices, you can do this anywhere on your laptop or phone, or contact us and speak directly to Barrie Ingram. All your bookkeeping needs can be taken care of by us in house, leaving you with the only concern of sending the invoices.
Payroll
At Barrie Ingram Accounts, payroll is essential for timeliness, accuracy, and clear communication with your staff. We need to make sure holidays, annual leave, and sick pay are part of the schedule. The way to do this is through our normal contact methods: email, WhatsApp, call, or text. We can take care of all of this for you, or provide training so you can carry it out yourself, with the software included.
Tax Services
At Barrie Ingram Accounts Limited, we hold the relevant AAT qualifications to fully understand the regulations surrounding self-assessment filings for directors, including dividends, property, investments, and similar income. We also manage VAT submissions and compliance with VAT regulations. Corporation tax and personal taxation are included within our services, giving you peace of mind.
Support & Training
Support and training are essential to the progress of any business. We keep you up to date and provide the necessary training where required. This is particularly beneficial for companies with intensive or specialised needs, such as large payroll requirements or extensive fleet services involving fixed assets and leases, helping to keep you ahead of the curve.
Accounts preperation
The core process of any business is producing timely and accurate financial accounts. These must be filed on time with Companies House, and we provide a secure portal and are a registered agent with HMRC. This enables immediate access and submission, allowing us to take care of the important details while you focus on growing your business.
VAT
VAT is important and needs to be kept on top of. Our online software can be accessed by you or by us almost 24/7. At Barrie Ingram Accounts, we can initiate changes or amend transactions within your VAT accounts in seconds using your preferred contact method: email, WhatsApp, call, or text. Our standard practice is to provide reminders for all VAT due dates.
Bookkeeping
Barrie Ingram Accounts are fully modernised and in the cloud for our bookkeeping services. So whether you are personally posting transactions, conducting bank reconciliations or preparing invoices, you can do this anywhere on your laptop or phone, or contact us and speak directly to Barrie Ingram. All your bookkeeping needs can be taken care of by us in house, leaving you with the only concern of sending the invoices.
Payroll
At Barrie Ingram Accounts, payroll is essential for timeliness, accuracy, and clear communication with your staff. We need to make sure holidays, annual leave, and sick pay are part of the schedule. The way to do this is through our normal contact methods: email, WhatsApp, call, or text. We can take care of all of this for you, or provide training so you can carry it out yourself, with the software included.
Tax Services
At Barrie Ingram Accounts Limited, we hold the relevant AAT qualifications to fully understand the regulations surrounding self-assessment filings for directors, including dividends, property, investments, and similar income. We also manage VAT submissions and compliance with VAT regulations. Corporation tax and personal taxation are included within our services, giving you peace of mind.
Support & Training
Support and training are essential to the progress of any business. We keep you up to date and provide the necessary training where required. This is particularly beneficial for companies with intensive or specialised needs, such as large payroll requirements or extensive fleet services involving fixed assets and leases, helping to keep you ahead of the curve.
Accounts preperation
The core process of any business is producing timely and accurate financial accounts. These must be filed on time with Companies House, and we provide a secure portal and are a registered agent with HMRC. This enables immediate access and submission, allowing us to take care of the important details while you focus on growing your business.
VAT
VAT is important and needs to be kept on top of. Our online software can be accessed by you or by us almost 24/7. At Barrie Ingram Accounts, we can initiate changes or amend transactions within your VAT accounts in seconds using your preferred contact method: email, WhatsApp, call, or text. Our standard practice is to provide reminders for all VAT due dates.