Limited Company
Limited company Accounting
Affordable, all-inclusive accounting packages designed for your small and growing business.
Services
Managed Services
Company Secretarial
Related Services
From just
£25.50
+ VAT per month
Hi there! I have a question about my bank reconciliation this month.
Evan
No problem - let me just take a look at your account now...
RR Accountants
We are With you every step of the way
We pioneered the all-inclusive Service and Software model, revolutionising accounting by offering Finvera as a cost-effective solution, providing professionals with comprehensive tools to effectively manage their business finances and achieve maximum control.
While running a business as a Sole Trader is straightforward, it may not be your most tax-efficient structure. RR Accountants offers advice on how to set up and run a Limited Company.
RR Accountants will ensure you can claim every viable business expense to offset the tax you pay. Your RR Accountants accounting costs can be offset against tax.
At £30,000 profit and above, it is almost certainly more tax efficient to start your own Limited Company. Ask for a free Tax Computation from your expert advisor.
If you have already chosen the Sole Trader product, do check with your Client Manager when will be the right time to upgrade to the Limited Company product so you can save on tax.
Helping Sole-traders since 2010
Ideal for freelancers & self-employed
Perfect for under £35K earners
ACCA & AAT qualified accountants
Our expert accountants follow the bylaws, regulations, and ethical guidelines of the ACCA.
Save time and money, we file on your behalf
We ask you a few questions to prepare all of the information for HMRC and then get filing.
Sole Trader Pro
+VAT per month
*50% off for first three months
Included:
Frequently asked questions about
Sole Traders.
What is a Sole Trader, and how does it differ from other business structures in the UK?
A Sole Trader is an individual running their own business without forming a separate legal entity. Unlike limited companies, sole traders have unlimited personal liability for business debts.
How do I register as a Sole Trader in the UK?
To register as a sole trader in the UK, you must inform HM Revenue and Customs (HMRC) about your self-employment details and associated business activities online or by contacting them directly in-person.
What are the tax implications for Sole Traders in the UK?
UK sole traders face income tax obligations on business profits. Besides, they must pay attention to maintaining accurate financial records and may register for VAT if their sales surpass the designated threshold.
Can a Sole Trader employ staff in the UK?
Yes, a sole trader is eligible to employ staff in the UK..
What is the financial liability of a Sole Trader?
The financial liability of a Sole Trader is unlimited, meaning they are personally liable for any debts or obligations incurred by the business.
When should a Sole Trader consider transitioning to a Limited Company in the UK?
A Sole Trader must consider transitioning to a Limited Company in the UK when their business expand exponentially, they want to limit personal liability, or they seek tax advantages associated with any corporate structure.
Still have questions?
Information Hub
Helpful Sole Trader resources
Looking for sole trader advice and guidance before paying for our service? We've got you covered.
Claim partner offers when you sign up to RR Accountants
Running your own business can be challenging so why not let RR Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?