Accounting Services For Sole Traders

Maximize the advantages of flexible work and potential for increased earnings through self-employment, designed to align with your lifestyle. Once you surpass £1,000 in a tax year, it’s essential to register with HMRC. We understand the importance of meticulous record-keeping for income and expenses, ensuring accurate declarations and timely tax payments. Navigate VAT and Construction Industry Scheme (CIS) obligations with ease.

Let’s connect—allow us to guide you through the intricacies of self-employment for a smoother financial journey.

We assist with advice, preparing and submitting your personal tax returns to ensure compliance and tax efficiency.

Our process begins with providing you a questionnaire to gather details on your various income sources. Following this, we’ll request all necessary information from you.

You have the option to provide your information via a spreadsheet, which we’ll supply, along with any accompanying documents. Alternatively, we can handle all necessary bookkeeping tasks for you.

As part of our service, we’ll also offer guidance on allowable expenses that can be offset against your various income streams.

Here’s a breakdown of our fees:

  • Preparation and submission of a basic Self-Assessment Tax Return: £150
  • Plus: £25 per additional page required for Rental Income, Partnership Income, Trust Income, Foreign Income, or Capital Gains (if applicable)
  • Bookkeeping: £30 per hour – This service is necessary only if your documents are in original format, such as invoices and receipts. If your information is already organised in spreadsheet format or managed through accounting software, this service may not be necessary.

We offer a Monthly service at from £44 per month for sole traders to include the following services:

  • A dedicated personal Accountant
  • Assistance with any tax applications if required
  • Advice and guidance around expenses and tax as and when required
  • Preparation of your self-assessment tax return
  • FreeAgent accounting software so that we can review and advise on your accounts throughout the year

We can also offer additional services where required to include:

  • PAYE scheme setup and monthly payroll
  • Quarterly PAYE/NI payment reminders
  • Construction industry scheme (CIS) setup and monthly returns
  • VAT registration advice, setup and quarterly returns to HMRC

Tailored Service

We help sole-traders like you to manage their income and taxes, by providing a tailored service to suit your needs. This can cover:

Self Assessment Tax Returns

Bookkeeping

VAT

CIS

Dedicated Client Manager For Advice & Guidance

What our clients say

I have received 5-Star Service from the first minute I spoke with Munro Bowman Limited. They have revolutionised how I look at my accounts with their fantastic advice and services. For the first time since launching my business, I feel confident about my accounts are being handled and progressed. I highly recommend anyone seeking a top accountant to speak with the team at Munro Bowman Limited 🙌
I highly recommend using this company, they are polite, professional & responsive. Any time I had a question or concern Katherine was reassuring and informative. I am so thankful I chose to use Munro Bowman Ltd.
I use Katherine for my tax returns and she was so polite and helpful, honestly I have no idea about anything to do with self employment as I’m very new to it, and she made me feel so at ease and was so informative so now I have signed on for book keeping too! I’ve even recommended her as much as I can! Thankyou for being so helpful!

Here To Help

Contact us for a friendly, no obligation chat. We’re here to assist you with all of your tax and accountancy requirements. Based in Bournemouth, UK. We service customers both locally and nationwide remotely, and are ready to help today.

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    Business Hours

    Monday            9:00 – 17:30
    Tuesday            9:00 – 17:30
    Wednesday    9:00 – 17:30
    Thursday         9:00 – 17:30
    Friday                9:00 – 17:30

    Munro Bowman Limited – Company number 14569847 – Registered office 1326 Christchurch Road, Bournemouth, Dorset, BH7 6ED England

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