Whether you are just starting out with your business or you have been managing your finances independently, running a business is a huge undertaking for one person and we understand that managing your finances and tax compliance can be an added stressor. That’s why our dedicated sole trader Exeter accountants are on hand to alleviate this burden and allow you to focus on the important task of growing your business.
Sole trader businesses are easier to establish and are usually subject to fewer regulations than other types of businesses, as there is no legal distinction between you and the company. As a sole trader, you have unlimited liability, meaning that all debts and after-tax profits belong to you, and you are responsible for ensuring that your business is tax compliant.
Read our blog "How to set up as a sole trader" for more information.Our sole trader accountants combine years of industry experience with advanced accounting software to provide you with a bespoke service to aid with all the financial responsibilities you have as a sole trader. These services include:
Sole traders experience a lot of freedoms, such as complete creative control and ownership of the profits, but the pressure of end of year accounts can quickly become stressful, especially if it falls at a busy time for your business. Our sole trader accounting services mean that you won’t be rushing to submit your year end documents at the last minute, and can instead continue business as usual.
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