Sole Trader

If you’re a sole trader, you’re running your own business as an individual. This is known as being ‘self-employed’.

Sole traders have fairly simple accounts and are required to submit and individual self-assessment tax return annually, possibly along with any other VAT and payroll returns depending on their circumstances.


Benefits of a Sole trader



Sole traders maintain full control of their business.


Profit Retention

Sole traders retain all the profits of their business.


Private data

Information about sole traders is kept private, unlike that of limited companies.



Because there is no need confer with other decision makers, sole traders can make decisions quickly and act on them swiftly, providing for the needs of their customers.


Limited Company

Trading through a Limited Company has become increasingly popular, due to flexibility, security and tax efficiency.

Read more

Sole Traders

If you’re a sole trader, you’re running your own business as an individual. You can keep all your business’

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In a business partnership, you and your business partner (or partners) personally share responsibility for your business.

Read more


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Reason to join

A personalized service - fully supported by phone and email.


Tried, tested and trusted by Contractors.


We are fully compliant with current legislation – IR35  advice and contract reviews.


Expert financial advice and planning – maximise take home pay and tax efficiency.


Muftal Blog

The biggest change to income tax and National Insurance Contributions since PAYE was introduced in 1944.


Tax avoidance – How worried should you be?


Public sector contacting and IR35 


RTI Penalties – With hard-pressed employers coming to terms with Real Time Information (RTI) filing, the pain is not all over.