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Here at Accounting Assistants, we specialise in
sole traders to give you that extra bit of support when starting
your own business. We know how hard it can be so the last thing you
need to do is worry about your accounts. That's where we come in to
the equation, we can give you support as and when its needed, help
you with your self assessment, give you targets and objectives and
generally just be a helping hand. With our team of fully qualified
accountants you will not be disappointed with the service and we
wont drain your bank balance. So what you waiting for, give us a
call and get that weight lifted off your shoulders. |
About Sole Trading Accounts
The accounting period starts on the day you
started trading or became a partner and can end on any date - called
the accounting date - that suits your business. It
then normally runs for 12 months from the last accounting date.
Unless you start trading exactly 12 months from
when you want your accounting period to end, your first few
accounting periods may be shorter or longer than 12 months. For
example, if you started trading on 1 March, you may decide to have
your first accounts made up over seven months to 30 September, and
then 12 monthly thereafter.
However, your tax will normally be based on
the profits for a 12-month basis period, even if
your accounting period is shorter or longer than 12 months. For more
information, download
help sheet IR222 on accounting periods and business profits from the
HMRC website (PDF) - Opens in a new
window.
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