The advantages of being a sole trader include independence, ease of set up and running your business, and the fact that all the profits go to you. However you may feel lacking in support; daunted by unlimited liability, the prospect of paying more tax on high profits and the fact that you are personally responsible for any debts run up by your business.
At New Forest Tax Accountants are here to support you. We can advise you on the best structure for your business and provide the accounting services required for that structure.
If you would like to find out more about being a sole trader or would like to arrange a free initial meeting to discuss in more detail how we can help you, please contact us.
Take a look at the Business Advisory Guides in our Resources section, in particular Your Business Structure.