Sole Trader Accounts · Scotland
Sole trader accounts in Mossgreen
Self-employed people in Mossgreen need two things at year end: a reliable profit figure and a tax return that matches it. We prepare the accounts, review every expense for what is allowable, and either hand the figures over or file the return as part of the £229 bundle. Fixed fees, agreed in writing, no office visit required.
from £149 · fixed, per year
Next deadlines
- Online Self Assessment filing deadline and balancing payment due
- Tax year ends: last day for pension, ISA and dividend timing decisions
- Making Tax Digital for Income Tax: quarterly updates for sole traders and landlords over £50,000 (from April 2026) and over £30,000 (from April 2027)
- Second payment on account due
Who this is for
Sole Trader Accounts for Mossgreen
Self-employed people in Mossgreen trading in their own name: tradespeople, drivers and couriers, hairdressers and beauticians, consultants, creatives, market traders, therapists, tutors and anyone else running a business without a limited company, from a first-year side business to an established trade with a van, equipment and a few thousand transactions a year.
What is included
Everything inside the fixed fee
- Income and expenditure account for the tax year or your accounting period, with a balance sheet where you want one
- Every expense category reviewed for what is allowable, including home working, vehicles and the trading allowance
- Capital allowances on equipment and vehicles, with the cash basis or accruals basis chosen to suit you
- A plain-English summary: profit, tax and National Insurance due, payments on account and what to put aside
- Figures prepared in the format the Self Assessment self-employment pages need
- Records organised and stored so that an HMRC check can be answered quickly
How it works
Sole Trader Accounts from Mossgreen, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
What you get in Mossgreen
No hourly rate and no surprise invoice. Mossgreen clients know the fee for sole trader accounts before they send a single document, and it stays fixed.
Deadline-first: the dates that matter for sole trader accounts are shown at the top of this page, diarised for every Mossgreen client and chased before they arrive.
Online only, UK based. There is no office in Mossgreen to pay for, which is why the fee is the same here as anywhere in Scotland; the work is done by people in the UK who answer the same day.
You get one contact for sole trader accounts, not a queue. Mossgreen clients message the same person throughout and get an answer in working hours, usually within a few hours.
Plain English, with the numbers. Every draft for Mossgreen comes with a short explanation of what the figures mean and what, if anything, you should do about them.
Approval before filing is a rule, not a courtesy. For sole trader accounts in Mossgreen, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About Mossgreen
Mossgreen is in Scotland, Scotland. Tax in Scotland differs from the rest of the UK on earned income: six bands with a 21% intermediate rate and a 48% top rate, identified by an S prefix on the tax code. The interaction between Scottish rates on salary and UK rates on dividends makes the salary-and-dividend split for Scottish directors a distinct calculation, and Land and Buildings Transaction Tax replaces Stamp Duty.
| Place | Distance | Direction |
|---|---|---|
| Fordell | 0.1 mi | SE |
| Crossgates, Scotland | 0.6 mi | W |
| Donibristle | 0.8 mi | E |
| Hill of Beath | 0.9 mi | N |
| Halbeath | 2 mi | W |
| Kingseat | 2 mi | NW |
| Cowdenbeath | 2 mi | N |
| Fordell Firs | 2 mi | S |
Worth knowing
Rules that come up in this work
Payments on account
If your Self Assessment bill exceeds £1,000 and less than 80% of your tax was collected at source, HMRC asks for two advance payments towards the following year, each half of the current bill, due 31 January and 31 July. The first year this happens the January payment is effectively one and a half times the bill. We model it in advance and show you how to reduce the payments if income is falling.
The Self Assessment calendar
Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Late filing penalties
Penalties are the clearest reason to work to deadlines. A Self Assessment return one day late costs £100 regardless of whether any tax is due; three months late adds £10 a day. Late company accounts start at £150 and reach £1,500, and double if the previous year was also late. None of this is negotiable afterwards except through a narrow reasonable-excuse appeal.
Workplace pensions and auto-enrolment
Auto-enrolment duties begin the day you take on your first employee, not when the Pensions Regulator writes to you. Eligible staff must be enrolled, contributions paid every pay period and re-enrolment carried out every three years. Director-only companies without employment contracts are usually exempt. Fines for non-compliance are fixed and escalating.
Employer National Insurance
Since April 2025 employer National Insurance has been 15% on earnings above a £5,000 secondary threshold, a substantial increase for small employers. The Employment Allowance rose to £10,500 at the same time to soften it for the smallest businesses. Directors deciding their own salary weigh this cost against the Corporation Tax deduction a salary provides.
The trading and property allowances
Small side incomes are covered by two £1,000 allowances, one for trading and one for property, which remove the need to register or report income below that level. Once income exceeds £1,000, the allowance can be used in place of expenses, a choice worth making deliberately: a freelancer with £900 of costs is better off with the allowance, one with £3,000 is not.
Questions
Sole Trader Accounts questions from Mossgreen
What can I claim for working from home?
Either a proportion of actual household costs based on rooms and hours, or HMRC's simplified flat rate of £10 to £26 a month depending on hours worked at home. We calculate both and claim the higher. Mortgage interest, rent, council tax, utilities and insurance can all form part of the actual-cost method.
Cash basis or accruals: which should I use?
Since April 2024 the cash basis is the default for sole traders and has no turnover limit; you record income when received and expenses when paid. Accruals matches income and costs to the period they relate to and suits businesses with stock, large debtors or losses to carry. We recommend one based on your figures and explain why.
Do I need accounts as well as a tax return?
HMRC requires a profit figure on the self-employment pages, and the accounts are how that figure is produced and supported. Very small businesses can complete the three-line account on the return, but once turnover is meaningful, proper accounts protect you in an enquiry and show you how the business is actually doing. The £229 bundle includes both.
What is the difference between the £149 and £249 fees?
The £149 fee applies when your records are already organised: bookkeeping software, a spreadsheet that reconciles to the bank, or our own monthly bookkeeping. The £249 fee covers rebuilding the year from bank statements and loose receipts. We look at what you have before quoting so the fee is fixed from the start.
What records do I have to keep?
Records of all sales and takings, all purchases and expenses, and bank statements, for at least five years after the 31 January filing deadline of the relevant tax year. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software from your start date.
When does Making Tax Digital apply to me?
From April 2026 if your combined self-employment and property income was over £50,000 in 2024/25; from April 2027 if over £30,000; and planned for April 2028 if over £20,000. It means digital records and quarterly updates to HMRC. Our bookkeeping service handles it, and we tell you your start date as part of the accounts work.
How do I get started from Mossgreen?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for sole trader accounts. Once you confirm, we tell you exactly which records to send and the work begins. Most Mossgreen clients are set up within a day.
Which deadlines matter most for sole trader accounts?
The next four dates that apply to sole trader accounts are shown at the top of this page, calculated from today. For Mossgreen clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
Fixed fees, filed on time, for Mossgreen
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.