Sole Trader Accounts · South West
Sole trader accounts in Weycroft
Sole trader accounts in Weycroft without the hourly rate. We work entirely online, which means records by WhatsApp or email, a draft back with the profit and tax explained, and the self-employment pages ready for your return. The fee is published, fixed before we start, and includes a review of the cash basis versus accruals for your business.
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 Weycroft
Self-employed people in Weycroft 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 Weycroft, 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 Weycroft
One fixed fee for sole trader accounts in Weycroft, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Weycroft get reminders at 60, 30 and 7 days before each date that applies to sole trader accounts.
No appointments, no travel across South West, no parking. Everything for sole trader accounts in Weycroft happens online, with a real person on the other end during UK working hours.
A named person handles your sole trader accounts from Weycroft and knows the file, so you are not re-explaining your business to a different helpdesk each time.
The output for Weycroft clients is never just a form. It is the form, a one-page summary of what it says, and a note of the decisions it points to for sole trader accounts.
Nothing is filed for Weycroft until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Weycroft
Weycroft is in South West, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Smallridge | 0.7 mi | N |
| Millbrook, South West | 0.8 mi | SW |
| Sector | 1 mi | S |
| Axminster | 1 mi | SW |
| Churchill, East Devon | 1 mi | NW |
| Castle, East Devon | 2 mi | NE |
| Gamberlake | 2 mi | SW |
| Alston, East Devon | 2 mi | N |
Worth knowing
Rules that come up in this work
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
HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.
Payments on account
Payments on account catch out most people in their second year of self-employment. HMRC assumes next year's tax will match this year's and collects half in January and half in July, in advance, on top of the balancing payment. If profits are dropping you can apply to reduce them, but reducing them too far attracts interest. We calculate the right figure rather than guessing.
The Self Assessment calendar
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Closing a company
A solvent company that has finished its purpose can be dissolved by voluntary strike-off: form DS01 with a £13 Companies House fee, after three months without trading and with all debts paid, final accounts and tax return filed, and assets distributed. HMRC objects to any application where returns or tax are outstanding, so the sequence matters more than the form.
Switching accountants
Changing accountant is simpler than most people fear. You authorise the new firm, which writes to the old one for professional clearance and your records; the outgoing accountant must hand over your own documents and usually does within two weeks. The new firm registers as your agent with HMRC and picks up the next filing. There is no need to wait for a year end.
Allowable expenses
An expense is allowable against trading profit if it is incurred wholly and exclusively for the business. Materials, business travel other than ordinary commuting, a proportion of home running costs, software, insurance, professional fees, bank charges and protective clothing qualify. Client entertainment, ordinary clothing, fines and the private share of mixed-use costs do not.
Questions
Sole Trader Accounts questions from Weycroft
How are vehicles treated?
You can claim actual running costs with a business-use percentage plus capital allowances on the vehicle, or HMRC's simplified mileage rate of 45p a mile for the first 10,000 business miles and 25p after that. Once you choose a method for a vehicle you keep it. We compare both for your mileage and show the difference.
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.
Can you deal with my previous accountant?
Yes. Once you authorise us we write for professional clearance and your records, including the previous year's accounts and capital allowance pools, which we need for continuity. Most firms respond within two weeks and nothing about switching changes our fee.
What if HMRC checks my return?
HMRC can enquire into a return within twelve months of filing, and longer if something was omitted. Well-prepared accounts with organised records are the best protection. If an enquiry opens, routine correspondence about a return we filed is handled free, and formal enquiries go through our fixed-fee investigation service.
Should I become a limited company?
It depends on profit level, how much you need to draw, liability exposure and whether you want to retain profits. At modest profits the saving is small after the extra compliance cost; at higher profits incorporation can help. Our free comparison tool gives a first view and the tax planning review gives a definitive one.
Is sole trader accounts in Weycroft really the same price as elsewhere?
Yes. The fee published on this page is what a client in Weycroft pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Do you have an office in Weycroft?
No. IGI Accounting is an online-only firm. We serve Weycroft and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for sole trader accounts is the same in Weycroft as anywhere else in the country, and why there is nothing to visit and nothing to print.
Start the conversation from Weycroft
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.