We offer a number of accounting solutions to assist you as a sole trader
As a Sole Trader, you agree to accept personal risk, that means it’s really important to make sure you are doing everything correctly and meeting your obligations. That is where Accurox can step in. We understand all the ins and outs that Sole Traders are faced with, and we can support you in every area, including:
- Setting up your business, and registering with HMRC, so you don’t incur any fines.
- Transitioning you to timesaving accounting software, Xero, and showing you how to use it cleverly
- Provide the accurate bookkeeping you will need to submit your tax return. If you’re not into the “details”, then it’s definitely something you should outsource to your accountant.
- Helping you get to grips with payment on account, meaning you don’t get caught out with unexpected bills.
- Supporting you to grow your business through cashflow management, budgets, business plans, and applying for funding. Not to mention the little things, like providing you with references for mortgages, which can be a little more complicated when you work for yourself.
But that’s not all…
- Once you earn over £85,000 per year, Sole Traders are required to register for VAT. Accurox can do this for you, or advise you if you should consider registering early, as sometimes this makes more sense. We can also manage your quarterly submissions. All you will have to do is approve them.
- We can also register you with the CIS (Construction Industry Scheme) if you are working within the construction industry as a contractor or sub-contractor and make sure you stay compliant
No business stands still, Accurox is a proactive accountant that supports Sole Traders to grow, develop and exit their businesses. For instance, we can.
- Offer advice on the right time to transition to a limited company if we see this will save you tax
- Provide proactive tax planning, so you can prepare for the high points and the low points in your business cycle, no more boom or bust.
- Advise you on planning for your retirement or exiting your business when the time is right.
If you’d like to know more about us and how we can help you, call us today on 01634 940710
Why Accurox?
- KPI Dashboards
Our clients span from building companies in the residential and commercial sectors, subcontractors, mid to large construction companies and property developers. So, whatever your requirements, we have the experience to deliver the support you need to prosper. - Financial Forecasting
The benefits of financial planning are many, offering the opportunity to take control of your financial situation and inform the best path to achieve your goals. Financial forecasting uses your past performance, combined with current trends to predict your future company performance. Our forecasting tools assist you to reduce financial risk. For example they will identify problems in your current trends, promote certainty and stability, and prepare for risks and opportunities in the future. - Growth Strategy
You know that you need detailed plans to construct anything worthwhile. Equally, if you want to grow your business, you need a road-map to get there. Growth strategies vary widely. You may want to expand your client base, add to your services or diversify into new areas. Whatever your vision is, we will work with you to tailor a strategy that works for your business. Moreover, by helping you to refine your objectives, we can devise strategies and tactics that will help you to reach each one. Drawing on the work we will have done on your financial forecasting and KPIs, we work with you to construct a clear picture of your strengths and flag areas of risk. - Cash Flow
Cash flow planning is essential for any business. Construction companies, particularly, are subject to so many variables. Any of which could result in a cash crisis putting them at risk. Creating a cash flow forecast, setting targets and monitoring carefully against them, will help you to predict large outflows of cash. Consequently, you are better positioned to respond to changes in your business. We can also streamline your invoicing and payment cycle. Meaning you have more of your cash at your disposal when you need it.
Get in Touch – We’d Love to Help
+ 01634 940710
CALL US: 01634 940710