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Sole Trader

  • What can you Claim for?
  • What Books do you need to Keep?
  • How is the Tax Sorted?
  • How to pay less Tax as a Sole Trader!

We will answer all these and many more questions you may have at a FREE Initial Consultation - you can ask as many questions as you like, as it is your Free Meeting with one of our SBS (Small Business Specialists) check out our Meet the Team Section!

At your Free Session we will discuss:

  • The 101 different Expenses you can claim as a Sole Trader to reduce your Tax Bills!
  • Whether you are making the most of all Tax allowances?
  • Whether you should register for VAT or not? (some Sole Traders make profit out of being VAT registered- could you be one?)
  • Vat Registered? can you get lower VAT bills by using the HMRC Flat Rate Scheme? ( 1 in 10 Businesses do ! we have one client who was £5,500 better off in just one year by using this Scheme ! )
  • A unique Tax Planning exercise designed specifically for Sole Traders showing how to reduce your Tax Bills in the future!
  • The records you need to keep to satisfy HMRC we even supply you with a free Excel book-keeping system every year if you become a Client!

Advantages of being a Sole Trader:

  • It is your own Business and you are the Boss!
  • You have the freedom to come and go/work as you please.
  • Relatively easy to set-up in Business.
  • You keep all the Profits!
  • Your Business Financial Performance is not available for public inspection.
  • There is little regulation it is the simplest form of operating a Business.

Disadvantages of being a Sole Trader:

  • You have Unlimited Liability - meaning you are solely responsible for any Business debts.
  • The buck stops with you - Owner is fully responsible.
  • Owner must be able to multi-task must have managerial and financial skills, as well as technical skills.
  • Tax Bills only payable twice a year, so must set funds aside in advance.

How We Help your Business:

As well as the normal Annual Accounts and Tax work for your Sole Trader Business, Jones Cooper will also assess and review each and every year, the benefits of you staying as a Sole Trader.

Part of this Annual Review means we will discuss with you, and provide to you, all other alternative options available for your Business. You can then choose the best option available.

The Business World never stands still, nor does our Advice!

Please contact us on 01405 767247 or E-mail us on and book your Free initial no-obligation consultation to see how we can help improve your own Business.

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