Geoff Davies Associates Ltd. Member Firm of the Institute of Chartered Accountants in England and Wales

Self-Employed

Very often, particularly in the first stages of any new business, the most popular and straightforward method of operating is as a sole trader. As the business develops it may be appropriate to trade through a partnership or a private limited company.

Whether you are just contemplating becoming self-employed or have already commenced, we can provide advice on the following matters:

  1. Registering with H.M. Revenue and Customs.
  2. Advice on record-keeping requirements to comply with Self Assessment legislation.
  3. Whether or not to apply for VAT registration.
  4. Personal tax advice and compliance issues
  5. Advice on business tax generally.
  6. The preparation of accounts in a format suitable to back-up entries on your Self Assessment Tax Return.
  7. If and when it would be advantageous to change the legal status of your trading medium.