We support self-employed individuals and sole traders across the UK with clear, practical tax and compliance services. Being self-employed gives flexibility and independence, but it also comes with direct responsibility for managing tax affairs correctly and on time.
Our services are designed for individuals who want confidence that their income is reported accurately, allowable expenses are claimed correctly, and tax obligations are fully met.
How Self-Employed Individuals Are Normally Taxed
If you are self-employed, you are responsible for reporting your income and paying tax yourself. Unlike PAYE, taxis not deducted automatically from your income.
• You register as self-employed with HMRC
• You keep records of income and business expenses
• You submit an annual Self Assessment tax return
• Income tax and National Insurance are calculated based on profits
• Tax is usually paid through payments on account
This system relies on accurate record-keeping and timely reporting.
When Self-Employed Tax Can Become More Complex
Self-employed tax affairs can become more complicated where you have:
• Multiple income streams
• Part-time self-employment alongside PAYE income
• High levels of expenses or capital purchases
• Use of home for business
• Property or investment income in addition to trading income
• Changes in business activity or cessation of trade
• Late or missed tax returns
In these situations, professional support can help reduce errors and avoid penalties.
How We Help Self-Employed Individuals
We provide support with:
• Registering as self-employed
• Preparing and submitting Self Assessment tax returns
• Calculating income tax and National Insurance
• Advising on allowable business expenses
• Payments on account and tax planning
• Late or amended tax returns
• Liaising with HMRC on your behalf
Our approach is practical and jargon-free, helping you understand your obligations and plan ahead with confidence.