SOLE TRADER ACCOUNTANTS
We keep track of all your expenses and income so that everything is ready for your tax return deadlines. We keep you stay on top of your bookkeeping.
Filing & Returns
We specialize in handling all your VAT registration and tax submissions. Self-assessments are prepared and filed to ensure accurate and timely submissions.
To save you time and money, we’ll set you up with a free Xero account. Link your bank account and upload invoices on the go. It’s as simple as that.
At Sterlinx we pride ourselves on being here for our clients. Unlimited support included in all packages over tel/email/zoom call.
Never miss an HMRC deadline. We keep you updated on your accounting deadlines so you can avoid any nasty surprises.
Regular bookkeeping means you can relax knowing we are keeping an eye on your account activity.
At Sterlinx we pride ourselves on being here for our clients. No question is too big or small, book your consultation now.
We grow with you. We can include payroll, VAT returns, company incorporation, and more as and when you need it.
We work with..
We have a solution for your business or self-employment, no matter what industry you serve. Welcome to the number one sole trader accountant & specialist.
Our online selling knowledge and expert accountancy are designed for you.
Working with restaurants, cafes, delis and more. Keeping things neat for your tax filing.
We do complete reconciliation for Amazon FBA sellers from storage to fulfilment and more.
Gig to gig, we are here for you whether you are in Uber, Taxi, Deliveroo or Amazon Delivery.
We make accounting for shop owners oh so simple! The full process is handled by us.
Trust us to balance your books. A whole range of bookkeeping services.
We help you find freedom from the finances. Upwork or Fiverr, no limit to who we deal with.
UK-based accountancy with a global reach. We will bookkeep for your foreign entities.
We have the following Q&A for you about our Sole Trader accounts to make things on hand.
What is Government Gateway?
The Government Gateway is the UK online account used by individuals to submit important tax and company information. As a sole trader you will be required to set up an account, request a personal UTR and pay any taxes due through the Gateway. We will be more than happy to guide you through the process.
Do I have to pay national insurance?
Yes, under the Taxes Management Act 1970 (TMA), you must submit an annual self-assessment if your income is over £1000. Based on the information you provide, HMRC will inform you of how much National insurance and income tax you are liable to pay. You will be placed on the Class 2 National Insurance contribution scheme if your reported profits are below £8,424.00. Class 4 National Insurance contributions are any earning above this figure.
I have a friend who I pay to help me with odd jobs sometimes. Do I need to set up a payroll?
Not necessarily. If your friend works sporadically and there is no contract in place, benefits, equipment to do the work is not provided, the relationship is not intended to be employer/employee then it is not required. It is likely that the friend is self-employed.
How much income tax do I have to pay as a sole trader?
Income tax is based on the following rates:
Personal allowance: the first £12,500 = tax-free (unless income is above £100,000, after which you lose £1 of the personal allowance for every £2 earned).
Basic rate tax: £1-£37,500 (after taking off personal allowance) = 20% tax
Higher rate tax: taxable income over £37,500 = 40% tax.
Additional rate tax: taxable income over £150,000 = 45% tax.
WHAT OUR CLIENTS HAVE TO SAY
I am an E-commerce seller and I wanted to expand to the UK market. To register on platforms like Amazon, you need to show a UK-based address proof and some other documents, Read more..
I highly recommended Sterlinx Global accountants. We are new on the Amazon FBA business and from the beginning, they explained to us step by step all the processes to have, Read more..
Sterlinx completed our VAT Registration and Submission so that were able to successfully able to sell our products with ease in Germany, France and Spain. The process was very, Read more..
WHAT OUR CLIENTS HAVE TO SAY