Ready to Start Your Sole Trader Journey? PBAS Makes It Simple.
Thinking of launching your own business or already working for yourself? PBAS is here to help. We offer straightforward accountancy services and tax advice tailored to sole traders and self-employed professionals.
What Is a Sole Trader?
A sole trader is someone who runs their own business and takes on personal financial responsibility. Unlike a limited company, you’re personally liable for any debts or legal claims. But in return, you gain full flexibility and complete control over your business decisions.
Key Tax & Registration Tips
When you register as self-employed, it’s important to understand your tax obligations—including whether you need to register for VAT or Making Tax Digital (MTD) based on your annual turnover. You’ll also need to keep clear records of your income and expenses to file your Self Assessment tax return accurately.
How PBAS Helps You Succeed
From setting up as a sole trader to defining your business idea or registering a trading name, PBAS guides you every step of the way. We also offer professional bookkeeping services to help you:
- Pay the right amount of tax on time
- Avoid costly HMRC late filing penalties
Special Rules for Certain Trades
Some businesses need extra considerations—like insurance, licenses, or permits. This is especially true for self-employed taxi drivers, street traders, and catering businesses. We can help you understand what applies to you.
Get Started Quickly—and Get Back to Business
Don’t let admin hold you back. PBAS can handle your sole trader registration fast and efficiently, so you can focus on what you do best—running your business.