Sole Traders
If you want to trade then being a sole trader is the simplest way to go:
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It's relatively quick and easy to register
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You won't need a partnership agreement
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You don't have to complete onerous paperwork and returns like a limited company has to
At MBS we will:
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Register your trade for tax
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Give you some advice on how to keep records
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Produce your Self-Assessment
Many people find Self-Assessment very stressful to complete. Often they are unsure of all the rules and deadlines in order to be fully compliant.
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We can take that off your hands so you know everything is covered.
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Many people who attempt to do the Self-Assessment themselves end up overpaying tax because they were not aware of an exemption/allowance/relief. We use our expert knowledge of tax to make sure you don't pay any more tax than you should.
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As your business grows and your needs change we can help you along the way with a regular bookkeeping service. We also work quietly in the background and will make you aware when you enter the scope of VAT and then take care of those needs for you. If you grow and take on employees then we can offer you a full payroll service as well.
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As you grow and the demands on your business increase you can make use of our multiple service discount.
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So whatever stage you are at we can help you along the way with a service tailored to what you want.
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Sometimes you can be selected by HMRC to have a look at your tax affairs and often this selection is at random. When this happens it can be a stressful time and the cost of professional support can really mount up with the hours and hours of work it involves. For a small annual charge we can insure you against such an eventually. So if it does happen you will know you have professional help throughout the process that won't cost you.