Self Employed /Partnership /Subcontractor (CIS)
Being a sole trader is the simplest way to run a business, but you must register as self-employed. You are personally liable for any debts that your business runs up, which can make this a risky option for businesses that need a lot of investment.
It is easy to start up as a sole trader. Simply register with HMRC within three months of starting your business. A self employed person has to pay the correct Income Tax and National Insurance ( Class 2 or/and Class 4).
Register For Self Employed / Partnership/ Subcontractor (CIS) £45.00
Self Assessment Tax Return
|Company Turnover||Price in GBP|
|Up to 10 000.00||£100.00|
|Up to 18 000.00||£120.00|
|Up to 25 000.00||£135.00|
|Up to 35 000.00||£165.00|
|Over 35 000.00||Please contact us|
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return.
An ‘Accounting period’ for self employed / sole trader is from 6th April till 5th April (for e.g. 6th April 2015 – 5th April 2016)
ABS Service Accountancy & Bookkeeping Ltd offers proffesional and complex help with your Self Assesment Tax Return.
Stop Being Self Employed £45.00
You must tell HM Revenue and Customs (HMRC) if you’ve stopped trading as a sole trader or you’re ending or leaving a business partnership. You’ll need to send final tax returns and tell employees, if you have one, that you’re closing your business.