SOLE TRADERS – SMALL TO MEDIUM SIZED BUSINESS

Let EP Tax take the stress out of preparing a self assessment tax return for your sole trader business.

Most of our clients are small ‘one-man band’ sole traders. We deal with all businesses from hairdressers, to taxi drivers to childminders – no business is too small. We also deal with many buy-to-let property owners.

HMRC have different rules on what you can claim depending on what industry you are in. We keep up to date with HMRC legislation to ensure you pay the right amount of tax. We work hard to make sure you claim everything you are entitled to.

 

SOLE TRADER BUSINESS

Advising on how to keep receipts and invoices.

Producing an annual income schedule and tax return.

Producing a summary of income and expenditure items.

Claiming all capital allowances.

Ensuring all allowable expenditure is claimed in line with your industry.

Calculating tax and NI payable and dealing with any refunds you can claim.

We sometimes request that our business clients have fully prepared accounts which then form the basis of the self-assessment return. Full accounts are advisable if you hold stock, debtors and creditors, accruals and prepayments or want more detailed accounts.

Full accounts are also often required if you want to apply for finance such as a business loan or mortgage. Our full accounts package starts at £120.00.

Accounts are always prepared in line with accounting standards and our internal due diligence processes.

SOLE TRADER BUSINESS

Most of our clients pay just £140 a year for our full annual tax service which includes:
£ 150 Yearly
  • Advising on how to keep receipts and invoices.
  • Claiming all capital allowances.
  • Producing an annual income schedule and tax return.
  • Ensuring all allowable expenditure is claimed in line with your industry.
  • Producing a summary of income and expenditure items.
  • Calculating tax and NI payable and dealing with any refunds you can claim.

PROPERTY – BUY TO LET INVESTORS

EP Tax specialise in tax returns for property investors. So, whether you just have one property to get you on the property ladder, or hold a portfolio of properties, we can help.

HMRC have special rules on what you can claim if you have property income. We make sure our clients claim all allowable expenses as permitted by HMRC. We will also help you with tax planning if you are considering selling your property(s) or thinking of running your property business through a limited company; we can explain the pros and cons of doing this.