Accounts Services for Sole Traders
We Make Every Penny Count
Finding time for growth planning, developing a marketing strategy or accounts is challenging and eats up valuable time. We ease the burden and allow you to take the lead in your success.
An Award Winning North Yorkshire Accountant
5 Star rated services
Bring order to your documents chaos
Get clear on cash flow
Make informed decisions and maintain a stable financial foundation for your business with regular and timely financial reporting.
Ongoing compliance
Stay up-to-date with regulatory requirements and best practices, to keep your business in good standing and avoid costly penalties.
Tame your receipts
Bookkeeping is critical because every business needs to maintain accurate and readily accessible financial records.
Delivering unwavering support
We can help you find ways to pay for that roof repair, upgrade your equipment or make your invoicing system more efficient. Meanwhile you can focus on the important stuff, like selecting today’s playlist to enjoy while you work.
Dedicated Service - Assuring you of our focused attention and a deeper understanding of your goals.
Transparent Fees - The last thing any business needs is unexpected bills coming through their door.
Digital First - We help you automate and streamline your bookkeeping.
Services You Can Count On
A Dedicated Account Manager
Tax Accounting
Software Training and Assistance
Tame the receipts
Budget tracking
Financial goal setting
Questions
For a limited company, no. You must have separate bank account in the name of the company, as it is a separate legal entity. If you are a trader, then yes you can, but it might be difficult for your accountant to know which are business expenses and which are private. We would recommend using a separate bank account for all of your business transactions.
Short answer, yes. However, although you can do your own accounting it may be costlier and more time consuming to do your accounts yourself rather than hire an accountant. There are a lot of rules and standards that your financial records need to follow, as well as many deadlines throughout the year.
You must register for VAT if your turnover (sales figure before deducting any expenses) exceeds £90,000 in a 12-month rolling period. When you do exceed this threshold, you have the rest of that current month, plus the following month to get registered before you need to start charging VAT. For example, you breach the VAT threshold on 17th June, you will need to register from 1st August.
They can choose not to have one, however, we provide services to businesses of all sizes. Just because you’re a small business doesn’t mean you can’t benefit from having an accountant to help you claim all the available reliefs and help you as your business grows.
Appointing an accountant proactively can help you avoid issues before you encounter them. Regular discussions with your accountant can identify potential challenges before they become serious problems.
Don't see your answer?
