If you are looking for a sole trader accountant, you have come to the right place, If you run a business in your name (for example a baker, beauty salon, carpenter, IT consultant, artist, influencer or locum). This is a simple business structure. All you need to do is set up a business bank account, pick an accounting period (1 April to 31 March is the easiest) and start trading.
So long as your turnover doesn't exceed the VAT threshold, 10 months after the year end, you report your profits to HMRC by completing an online tax return and pay income tax and national insurance contributions on these profits.
Sounds easy, why don't I just do this myself?
You could end up paying too much tax
Think about it, if HMRC wanted you to take advantage of all the tax breaks, they would prepare the return for you!
Making mistakes will be costly
In the long run, filing late, missing payment deadlines and making mistakes will cost you money. HMRC come down hard on errors and will push to charge you the highest penalties possible.