Sole Trader Accounts

Sole Trader Accounts

As a sole trader you do not have to register your business name in the same way as you would have to if you were setting up a Limited company. This means that technically you can choose pretty much any name you like, but if you do want to register your company name as a Limited company in the future there will be some restrictions. So even if you are only setting up as a sole trader now, you might want to register your name straight away, to protect it for the future.

 

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Once you have set up as a sole trader, whether full or part time, and have let HMRC know by completing the relevant form, they will then send you a quarterly bill for Class 2 National Insurance. This is a basic payment which ensures that you pay enough to cover your future state pension requirements. All additional National Insurance payments (Class 4) are calculated by your accountant when your end of year figures are completed, and the amount owed is included in your tax bill.

It is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.

With any Accountancy plan that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.

With any Taxation Service that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any selected Taxation Planning, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

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