Calculayte – Online Accountants

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Sole trader / Partnership services

Are you self-employed and run your own business or part of a partnership, this package could be ideal for you.

Our dedicated team can help if your looking to switch accountants or simply thinking about a new business venture.

We have the perfect blend of expertise, experience and state of the art cloud software’s to make your business life easier. Why not have a look at our packages or better yet give our team a hassle-free call and find out how we can empower you and your business.

Accountancy support

Our dedicated team are always on hand to provide unlimited support throughout the year, whether its expenses, HMRC notifications or filing deadlines. Our wealth of experience will ensure that your questions are answered appropriately.

MTD and VAT returns

If you are VAT registered fear not the free cloud software is Making Tax Digital (MTD) ready, which means you can file your returns effortlessly with HMRC. The software also shows the next VAT period and when deadlines are due by so you don’t get any unexpected surprises or fines.

Payroll and pensions

This is probably the most complicated area of accounts, simply because employment law in the UK is scattered with obstacles and booby traps. Our qualified client managers are tuned in with employment law and can put out any fires which arise. Why not let us to take care of your payroll, its hassle-free, cost effective and one less thing to worry about. That seems like a win in our books.

Self-Assessment

Completing your tax return is not an easy task. Our dedicated experts have a wealth of experience handling self-employed tax returns, so we offer you the peace of mind of knowing that your HMRC self-assessment will always be completed with the correct information and in a timely manner.
Our dedicated experts will complete your self assessment tax return and confirm the amount to be paid and when it is due.

Cloud Software

State of the art software trusted by over 2 million small businesses, we have partnered up with Xero to provide you with all the time saving tools you need to grow your business. Xero is a real-time software which means no more waiting around to learn the health of your finances. Xero is a fast, simple software that’s changing the way the world does it books.
Encountered a problem, do not fear unlimited support is available 24/7 to get you back up and running.

Telephone and Email Support

No question is too big or small;
No concern is too insignificant.

Our accountancy packages cover all of your accounting needs with no hidden costs. Expect a swift response time to your queries.

Telephone & Email Support

Never any hidden costs

Swift responses

Switching Accountant - Easy Transition

Want To Join Us?
We take care of everything!

We quickly take over all of your accounting needs once you give us the green light. If necessary, we will contact your prior accountant on your behalf, with the goal of bringing your accounting and tax situation up to date as quickly as possible.
We contact your current accountant on your behalf.
We make contact with HMRC to get approved as your accountant.
You keep doing what you love, which is running your business..

Frequently asked questions about sole trader and partnership accounting

If you’re self-employed and running your own business as an individual, then you should be registered with HMRC as a sole trader. Being a sole trader means there’s no legal distinction between the individual and the business they own.

Sole traders work in many industries and trades, including electricians, plumbers, management consultants, designers, and more.

A partnership is a business owned by two or more people. The profits at the end of the year are shared between them, depending on the percentages each holds, and money can be taken at any time.
As a sole trader or partnership, there’s no law that requires you to have an accountant, but an accountant can help you stay on top of your business finances, manage your legal obligations as a small business owner, and help with your statutory filings and tax returns.  An accountant is especially helpful where your sole trade or partnership business is starting out and needs assistance with areas such as VAT, CIS, and employing others.
Tax returns sole traders are required to file include VAT (if your business is VAT registered), and your annual Self Assessment, which covers your personal Income Tax and National Insurance liabilities.
Partnerships must file a tax return with HMRC stating the income and expenditure and resulting profit over the year, but they aren’t obliged to pay tax on the profits, as these are divided to the partners. The owners will pay tax as if they are self-employed.
Your annual Self Assessment must be filed with HMRC before 31st January each year.
As a sole trader, all of your business profit is taxable to you personally, and legally there is no difference between you and your business. But unless you want to pay more tax than necessary, you’ll usually want to claim sole trader business expenses when it comes to submitting your annual Self Assessment tax return. You need to be able to prove your business expenses are allowable. Having your business and personal expenses in the same bank account can cause all sorts of headaches and means getting your accounts ready takes longer than necessary.
If your business is a general partnership, then you are not legally required to set up a business account. However, if your business is either a limited partnership (LP) or a limited liability partnership (LLP), you must set up a business bank account. This is because they are legally separate entities, and must be managed as such. We advise to open a separate account for your partnership so you can distinguish between your personal expenses and business expenses, plus it means getting your accounts ready faster.

We know what you’re thinking

Everything we have promised can’t come cheap, you would be surprised. Why not give us a call and see how much you can save. 

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