Operating as a Sole trader is the simplest way of managing your business.  You can start trading immediately and all you have to do is inform HMRC within 3 months of your start that you are trading.

As a Sole trader you have complete responsibility for your business.  That also means the liabilities of the business as well, should anything go wrong.

The sole trader is responsible for completing accounts at the end end of the year in order to submit them to HMRC in the form of a self assessment tax return.

At Balance Accounting Solutions we can assist you with all aspects of this from informing HMRC to completing and submitting your self assessment at the end of the year. 

if you would like to discuss your sole trader business further then contact us today.