Working for yourself means the business and your personal tax are one and the same. Anewthing keeps the records straight through the year, prepares the accounts and the Self Assessment return, and tells you what to set aside and when to pay it.
Making Tax Digital for Income Tax is now phasing in for sole traders and landlords by income level. Anewthing can set up compatible software, keep the quarterly updates on track and explain what changes for you.
How Anewthing helps
- Bookkeeping from your receipts, invoices and bank statements
- Year-end accounts and your Self Assessment tax return
- Payments on account and what to set aside for tax
- VAT registration when your turnover approaches the threshold
- Making Tax Digital for Income Tax: software, quarterly updates and deadlines
- Advice on whether a limited company would suit you
Services for sole traders
- Enquire about Tax returns and planning
Tax returns and planning
Self Assessment tax returns prepared and filed for the self-employed, partners, directors and landlords, with planning and Making Tax Digital for Income Tax support.
- Enquire about Bookkeeping
Bookkeeping
Outsourced bookkeeping: invoices, receipts and bank transactions processed and reconciled, ready for accounts, VAT returns and Making Tax Digital.
- Enquire about VAT registration and deregistration
VAT registration and deregistration
Help deciding when to register for VAT, voluntary registration, scheme choice, pre-registration VAT, and deregistration including post-deregistration claims.
- Enquire about Business start-up advice
Business start-up advice
Start-up advice on business structure, business plans, cash-flow forecasts and budgets, finance proposals, registrations and setting up accounting systems.
Common questions
Do I need an accountant as a sole trader?
Not by law, but most people find the time saved and the tax points picked up outweigh the fee, particularly once VAT or Making Tax Digital applies.
When is my tax return due?
Online Self Assessment returns and the balancing payment are due by 31 January after the end of the tax year, with a second payment on account by 31 July.
Talk to Anewthing about what you need
Tell us what you need. The scope and fee are agreed before work begins.
