Sole trader and partnership accounts come in a variety of formats, as determined by the individual business needs. These accounts are generally produced annually, however there are various reasons this may change from time to time, usually when a business commences and ceases trading. These accounts form the basis of assessment for the requisite tax returns for each tax year.

Detailed accounts offer more than a basis of assessment for tax purposes, they also provide business owners with an invaluable insight into how their business is performing, and comparisons can be used to track progress and identify areas of potential improvement and cost saving.

We have extensive experience gleaned from years of working alongside sole traders and partnerships in a variety of sectors and industries, and as such we are geared up to assess individual business needs and requirements. This will ensure our clients get added value from the production of annual accounts in conjunction with their tax returns.