As a sole trader, you are personally responsible for your taxes, record-keeping, and HMRC submissions.
At Naseems Accountants, we offer reliable, practical accounting services tailored for sole traders. Our specialist sole trader accountants support helps you remain compliant and minimise your tax liability.
This service is designed for sole trader businesses.
If you are a freelancer or self-employed, please refer to our dedicated services below.
Accurate preparation and submission of your annual tax return.
Organised, compliant records to support stress-free tax filing.
We ensure you claim all allowable expenses.
We help you plan for and manage future tax payments.
We handle HMRC queries on your behalf as needed.
We do more than just file tax returns. We help you plan ahead and stay in control.
We advise you on when incorporation may be tax-efficient and guide you through the transition process.
While it’s not legally required, a sole trader accountant helps ensure your records are accurate, deadlines are met, and all allowable expenses are claimed, often saving more than the cost of the service.
Sole traders typically pay Income Tax and Class 2 and Class 4 National Insurance on business profits. We calculate everything accurately and explain it clearly.
Allowable expenses depend on your trade. Common examples include tools, travel, vehicle costs, phone bills, insurance, and using the home as an office.
Payments on Account are advance tax payments due in January and July. We explain how they apply to your situation and help you plan.
Yes. We advise when incorporation may be tax-efficient and manage the transition smoothly.
Our process is relatively straight forward. We utilise approaches ideally tailored to your business sector’s performance requirements.
The fixed and tailored fees are perfect for everyone’s needs. You will only pay the amount of support you require, so there are no surprises when it comes time to file your taxes.
Naseems Accountants provide professional tax consultancy and accounting services to small, medium and large businesses in Birmingham, as well as the rest of United Kingdom.
Naseems Accountants provide professional tax consultancy and accounting services to small, medium and large businesses in Birmingham, as well as the rest of United Kingdom.
If you’re already running your own limited company, one of the key advantages is the flexibility in how you take income. But doing it right takes planning.
Many associates start as sole traders, but once income grows, it may be worth considering a limited company structure. Incorporating can open up new tax planning opportunities, but it’s not always the right move.
If you decide to go limited, we’ll handle the entire setup and make the transition as smooth as possible, with no disruption to your work or income.
As a self employed associate, filing your own Self-assessment is a legal requirement, but many leave it too late or miss out on valuable deductions.
You’ll receive reminders, clear explanations, and full support, so your tax return is one less thing to worry about.
Claiming the right expenses can lower your tax bill substantially, but it’s also one of the areas HMRC looks at closely, so accuracy matters. Many dental associates underclaim and pay more tax than they should, or overclaim and risk penalties.
We’ll guide you on what’s allowed and what’s not. Some examples are:
We make sure your records are clean and that your claims are correct.
Once your dental practice is operating through a limited company, one of the most important financial decisions you’ll face is how to extract your profits. The right balance between salary and dividends can significantly reduce your tax bill, but it must be handled correctly.
Paying yourself too much salary can trigger higher national insurance costs, while taking excessive dividends without proper planning may lead to unexpected tax bills or impact mortgage and financial assessments.
VAT is one of the most misunderstood areas for dental practice owners. While most NHS treatments are VAT exempt, many private and cosmetic services, like teeth whitening or facial aesthetics, can fall under the standard rated category.
This mix of exempt and taxable income creates what’s known as a “partial exemption” scenario, meaning you may not be able to reclaim all of your VAT on expenses. And that’s where many practices unknowingly get caught out.
As specialist dental accountants, we help you identify and claim every allowable expense, such as:
Claiming correctly not only lowers your tax bill but it also improves the financial clarity of your practice. We make sure nothing is missed.
Understanding which expenses are tax-deductible can make a real difference to your tax liability.
