Self Employed
… or sole proprietorship, is one of the most popular business forms in the United Kingdom. This business structure offers numerous benefits, such as ease of setup and operation, as well as greater flexibility in management. However, it’s important to note that as a self-employed individual, you are personally liable for all financial obligations with your entire personal assets.
The accounting for self-employed individuals is less complex than for LTD companies. You only need to file an annual (and starting from 2026, quarterly) tax return (Self Assessment). Running a sole trader is an ideal solution for those who want to work independently and manage their business on their own.
Running as a Sole trader
is an ideal solution for individuals who want to work for themselves and manage their business independently.
At MM Accounts Ltd, we provide the following services for Self Employed:
Registration with HMRC Assistance with registering as self-employed with HMRC
Annual Self Assessment Preparation and submission of your annual Self Assessment tax return
PAYE Registration and Payroll Preparation Handling PAYE registration and payroll for employees
VAT Registration and Returns Assistance with VAT registration and filing of VAT returns
CIS Returns for Contractors and Subcontractors Managing Construction Industry Scheme (CIS) returns
Business Advice and Support Offering guidance and advice on running your business effectively
Contact Us
If you plan to establish a sole proprietorship in the UK and need professional assistance, contact us today.
We provide comprehensive support in the registration process and accounting services,
allowing you to focus on growing your business.