Sole Trader

A sole trader is a type of business that is owned and run by one individual. To set up, a sole trader simply registers with the Revenue for Income Tax.  Registering for Vat and for Employer status may also be relevant to you.  A business name may also be registered with the Companies Registration Office, but this is only required if the sole trader is trading as a business name.  All assets and all debts of the business are also assets and debts of the owner.

The bookkeeping is generally easier to maintain and does not have to be audited unless the business is regulated (e.g. mortgage broker).

We provide bookkeeping services for our clients in order to fulfill Vat and Payroll obligations throughout the year.  When a business year has ended, we complete a set of accounts and file the annual Income Tax return.  We liaise with our clients to ascertain if there are any unused tax credits to minimise our clients Income Tax liability.  We notify you of all filing deadlines, and give you the peace of mind that everything is filed on a timely basis. We agree a fee with our client from the outset so there are no surprises when the invoice is issued.  We provide a monthly direct debit facility to spread the cost of our services throughout the year.  We provide a seamless transition from your previous accountant.  We provide expert advice on a consultancy basis as and when is required.

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