A Sole Trader is an individual that runs a business with the intention of making a profit. A Sole Trader is fully liable for any debts and contracts the business has and from a legal perspective there is no difference between the business and the individual.
A lot of clients start trading as a Sole Trader because it is the most simplistic way to begin a business. A change of business structure, often to a Limited Company may come later and at Thompson Reid we’re specialists in supporting you through both stages of your business’s growth.
We’ll take care of all your accounting and taxation requirements, including the preparation of the annual accounts and the completion of the self-assessment tax return. We can also help with registering the business and can offer ongoing support and assistance going forward. We’ll also continuously review your business to check you’re operating in the most tax-efficient way.
Selection of our Services for Sole Traders
Why Sole Traders LOVE Thompson Reid
Sole Traders tend to be small businesses and can often need regular help from their accountant. This is why we offer our Sole Traders unlimited help and advice throughout the year. We’re experts in accounting and tax so you don’t have to be!
We monitor our Sole Trader clients to ensure that they are operating as tax efficiently as possible. We’ll proactively make recommendations to improve your efficiencies as well as be on hand as a sounding board for new ideas or business challenges.
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75 Church Road,