Sole Traders

As a sole trader, your time is best spent focusing on growing your business, not worrying about accounting and tax compliance. At Excel Accounting Solutions, we offer specialized services designed to simplify your finances, keep you compliant with HMRC, and help you maximize your income.

• Self-Assessment Tax Returns: Preparation and submission of your annual tax return to HMRC, ensuring all allowable expenses are claimed and deadlines are met.

• Bookkeeping: Accurate and efficient record-keeping to help you stay organized and maintain a clear picture of your business finances.

• Making Tax Digital (MTD) for Income Tax: Guidance on MTD compliance, including setting up and using MTD-compatible software to report income and expenses digitally.

• Tax Planning: Expert advice to minimize your tax liability and make the most of allowances and reliefs available to sole traders.

• VAT Registration and Returns: Assistance with VAT registration, compliance, and timely submission of VAT returns if your business reaches the VAT threshold.

• Cash Flow Management: Helping you track income and expenses to maintain healthy cash flow and plan for future growth.

• HMRC Liaison: Acting as your representative to communicate with HMRC, handle queries, and resolve any issues efficiently.

• Tailored Support: We understand the unique challenges of being a sole trader and provide personalized solutions to meet your needs.

• Simplified Processes: We take the stress out of accounting and tax, so you can focus on running your business.

• MTD Expertise: Stay ahead of HMRC’s Making Tax Digital requirements with our expert support in adopting digital solutions.

• Proactive Advice: We don’t just look after your books; we help you plan for the future and grow your business.

• Transparent Pricing: Clear, competitive pricing with no hidden surprises.

Let us handle your accounting and tax obligations while you focus on growing your business. Contact us today for a free initial consultation to see how we can help you as a sole trader.