ICAEW Chartered Accountants
With a team of fully qualified experts, we deliver high-level tax advice and solutions tailored to your business needs.
See certificationExpert Financial Support for Sole Trader.
At Griffith Accountants, we offer comprehensive services to help individuals manage their finances, stay compliant with HMRC, and grow their businesses. Whether you’re just starting out or looking for expert advice on managing your trader status, our team is here to help every step of the way.
What’s Included
Tax Return Preparation
Accurate and timely Self Assessment tax returns to ensure compliance with HMRC.
Bookkeeping & Financial Management
Keeping your financial records organised for ease of tax reporting and decision-making.
VAT Registration & Returns
Assistance with VAT registration and filing returns if your turnover exceeds the VAT threshold.
National Insurance & Contributions
Guidance on paying the correct National Insurance contributions and managing your entitlements.
Business Tax Planning
Helping you plan your tax obligations, including potential tax reliefs and allowances available to sole traders.
Explore more benefits
Need help with Self Assessment?
At Griffith Accountants, we offer comprehensive Self Assessment Services to individuals, sole traders, and landlords.
You can benefit from our Sole Trader service too!
We offer comprehensive Sole Trader Services to help individuals manage their finances, stay compliant with HMRC, and grow their businesses.
Get Started Why Griffith Accountants
Griffith Accountants helped us develop a comprehensive business plan that was not only clear and detailed but also strategically aligned with our vision for growth.
Their team took the time to understand our goals, market, and financials, creating projections that were realistic and compelling. Thanks to their expertise, we were able to secure the investment we needed to take our business to the next level.
We’re confident that this well-crafted business plan will continue to guide us toward success, and we couldn’t have done it without their support.
James, James Mae Industries Limited
Why Griffith Accountants
Expert Knowledge
Up-to-date insights on UK tax legisaltion.
Tailored Support
Personalised tax strategies for your business.
Compliance & Efficiency
Ensuring compliance while optimising tax savings.
Sole Trader FAQs
A sole trader is an individual who owns and runs their own business, taking responsibility for all profits and losses.
Yes, you must register with HMRC as a sole trader for tax purposes if your earnings exceed £1,000 in a tax year.
You must file a Self Assessment tax return annually, reporting your income and expenses to HMRC. We can help ensure it’s completed accurately and on time.
Yes, sole traders can claim a wide range of business expenses, including equipment, travel, and office costs, as long as they are incurred solely for business purposes.
We provide expert guidance on tax planning, bookkeeping, filing, and ensuring compliance, so you can focus on running your business.
While we aim to cover all questions in our FAQ, obviously it’s impossible therefore for ease of knowledge, we would advise you to book a meeting with us.
Book a meeting
Accounting Done For You
Everything you need to know regarding your company accounts will be covered in our preliminary discussion with your or your team.
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