SCS Financial Management specialises in offering advice to sole traders in Reigate in Surrey and the surrounding areas. For many years, we have provided management accounting for a wide range of businesses, so we are experts in helping those who are just starting out.
You can depend on our team of experts to find the best solution for you and your business.
For more information about becoming a sole trader, get in touch with SCS Financial Management in Reigate by calling: 01737 373707.
Becoming A Sole Trader
A sole trader is simply when someone becomes self-employed, running their own business single-handedly. SCS Financial Management are experts in assisting individuals in becoming sole traders, ensuring you receive the best advice.
Becoming a sole trader is becoming increasingly popular as it is very easy to do. All you need to do is register as self-employed and inform HMRC. The whole process is simple, and our team of expert advisers is always on hand to offer support when you need it. We want you to have the most successful business start-up.
If you have earned more than £1,000 from self-employment in the tax year, you need to register as a sole trader and prove that you are indeed self-employed. At SCS Financial Management, we are always available to lend a hand. If you have any queries about setting up, don’t hesitate to contact us.
Benefits Of Becoming A Sole Trader
As a sole trader, you are your own boss and have full control of the direction your business takes. This is one of the main reasons why many decide to start their own business. You have full control over how the business operates and it is so simple to set up.
You get to keep all profits after tax. With tax, you only need to carry out an annual self-assessment tax return, declare your annual profits and tax liability. At SCS Financial Management, we can help you, and you can also claim your accountancy fees as a business expense.
With our wealth of knowledge and expertise in the financial sector, SCS Financial Management can offer the best advice. For more information, call us today.