A business owned by one person. This type of structure keeps business accounts safe and confidential. However, this does mean the business owner will also be responsible for business payments and bills that are included. If you miss your deadline of HMRC to file your personal Tax Return. You will be charged with penalties. We at RR Accountants make sure that your personal tax returns will be on time to avoid any such penalties.
This is the best and value economical approach to trading. There are only a couple of formalities to trading as a sole trader vs as an Ltd. company, the foremost necessary of which is informing HMRC. Each business is needed to arrange accounts annually, that forms the idea of however tax and national insurance are paid. Any profits generated during this medium are automatically those of the sole trader.
sole trader accounting services In Birmingham
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380 Stratford Road, West Midlands, Birmingham
Website: www.rraccountants.co.uk
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Advert Ref: #2817232
Posted: 15 Mar '19
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User: rraccountants
Member since 22 Aug '17
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