Self assess.
Self Assessment Tax Return
Charity support

Sole Trader

If you’re a sole trader (also known as self-employed), you run your own business as an individual.

You can keep all your business’s profits after you’ve paid tax on them, but you’re personally responsible for any losses your business makes. You must also follow certain rules on running and naming your business.  HMRC have published details here outlining what it means.

Whitehill offers specific support for sole traders which includes bookkeeping and accounting directly relevant to your needs.

Other services, such as payroll, pensions, mailbox and web services are relevant to any type of business; please click on the links above to find out more.

The advantages to starting up as a sole trader are clear; it's easy, and you don't have to go through the time and cost of setting up a limited company.  If you have more complex tax affairs you're probably used to submitting a Self Assessment tax return form anyway; if not, you'll just have the one tax return to complete. 

But there could be advantages to using a limited company.  Read our guide on sole trader vs limited company advantages and disadvantages here: »

Bookkeeping and accounting for sole traders

For sole traders/ self employed workers we recommend the following package, which is available from us at a single, fixed monthly price;

Please contact us to get a fixed price quote covering this package or, if you manage your own bookkeeping and just want a Self Assessment tax return compiling, checking and submitting, we'll be happy to give you a price for that instead.