Starting out as a sole trader is simple, quick and cheap. That applies whether you classify yourself as a freelancer, consultant or contractor. It usually just takes a quick call to HMRC to get going. There are no setup fees either.

 

Of course, there are still things to consider. Not only is the onus on you to source work, but responsibility and liability for the whole business rests with you. This is true for you tax obligations too. That’s where Accounts Direct can help.

There are many benefits to setting up as a sole trader.

  • Less bureaucracy. Minimal administration means anyone can self-start.
  • No setup fees. Just register with HMRC to get started.
  • Complete control. Answer only to yourself.
  • Privacy. Limited companies must put certain details on public record. You don’t.
  • Expense allowances. Keep track of any expenses, and claim tax relief at the end of the tax year.
  • Flexibility. Steer your business in the direction you want to. Decide your own hours.
  • Easy accounting. Much less bureaucracy than a limited company.
  • Keep profits. Whatever you make, you keep.

 

Enjoy all of these perks, while Accounts Direct keeps on top of your finances.

 

What are the taxes?

  • 40% if you’re earning in excess of £37,000
  • 50% if you’re earning in excess of £150,000

 

Accounts Direct has helped plenty of sole traders before, and we can do the same for you. We will discuss your options in detail to make sure you choose whatever is right for you and your business. We’re committed to delivering an outstanding accountancy service to all our clients. We have helped over 2,000 to date. All have received:

  • A personal accountant
  • Face-to-face meetings
  • Highly-competitive fees
  • Money back guarantee
  • Expert advice at every turn

 

Next Step:

Please contact us if you need further advice, have any questions about our services, would like a free consultation.

Speak to us today. Call: 0333 5775 332 or Email: info@account-direct.com

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