Sole Traders

We provide attractive, low-fee accounting services for well-organised sole-traders who keep their affairs in good order. Why pay several hundred pounds more a year when you can cut out the frills and still obtain a professional annual accounting and tax return service? No corner-cutting. We achieve our cost savings by working with you to maximise the efficiency with which we can process your annual accounts each year.

Some of our very well organised sole-traders enjoy an annual accounts and tax return service from £150 plus VAT. For fees this low we expect summary income and expenses figures for the year. Our charges will be higher if we have to collate these figures for you and the rate for this is £25 per hour plus VAT.

For the less well organised Sole-Trader.

Some clients come to us because they want to stop wasting £200 plus a year in late filing HMRC penalties only because they can’t deal with the paperwork. It maybe they can’t be bothered, some just don’t understand what is required in the way of keeping proper accounting records and others are simply too busy making money and growing their business to stop and deal with the paperwork.

Whatever the reason, that’s fine by us. You just let us help you to free you up from the mundane task of bookkeeping and making sure you file your annual returns with the HMRC on time.

What we can do for you.

For a start, we can often help you save a considerable amount of time just by streamlining the administration of your business. By cutting out the wasted and often duplicated processes we can help you reduce the time you spend each week collecting together the information and documentation we need to allow us do our job. Even if your idea of keeping proper accounts is to stuff takings records and receipts into a carrier bag and hand them over to an accountant at the end of the year, we can still turn the situation around. The peace of mind of knowing you have taken the necessary step of letting Tax Data Ltd take over the record keeping process is worth every penny of the £25 per hour plus VAT fee we will charge you for freeing you up from most of the paperwork.

We really do mean the complete package.

One unusual aspect of the service Tax Data Ltd provide is that when we sign-off your annual accounts we can supply you with a set of electronic schedules that provide a complete transactional audit trail from the bank statements and invoices you supply up through the day books, general ledger and into figures that appear in your financial statements themselves. It shouldn’t be unusual, but experience has shown that not all accounting firms do provide the complete audit trail. To be fair, the missing bridge will only probably become an issue if you decide to sell your business, or suffer the misfortune of a HMRC investigation. In either case, it is not the time to discover you don’t possess the information the Law requires you to retain for up to seven years if you are VAT registered.

Free One Hour Consultation.

If you are looking for an accountant, we would appreciate the opportunity to show you why Tax Data Ltd would be a good choice. You can either call us on 01737 551904 and have a long chat about your situation over the telephone, or indeed just make an appointment to meet us.Either way, your call will be treated in the strictest confidence.

Published 13 September 2017.

Updated 15 October 2017.