You’re a fully-fledged business owner with real live paying clients.
Oh boy have you been busy. And you’ve come so far. You’re bedding down your business plan and things are really gaining momentum. Congratulations!
I know from personal experience that that’s no mean feat.
But you don’t feel much like celebrating do you? There’s too much to do. You’ve Too. Much. On! The money is up and down. There’s a lot of hard work and a lot of learning going on for you right now. There’s networking, blogging, the mountain of paperwork, the bills to pay, the invoicing to do, not to mention actually doing your day job and delighting your clients so they spread the word.
And the cracks are beginning to show. Overwhelm is creeping in.
Goodness only knows where you put that receipt, what you could or should be claiming for, how you’ll get through your tax return with your sanity intact. Frankly, you don’t have a handle on what needs to be done accounts wise and tax wise, but you’re embarrassed to admit it and it’s just not a priority for you right now. Sound familiar?
Maybe you’re so swamped and inundated with stuff outside your comfort zone that you’ve actually considered throwing in the towel. Or perhaps you’ve already started searching for the right kind of support – on Google, from an accountant, from a friend. But you’re still no clearer about what you should and shouldn’t be claiming for in your business. You’re still no clearer about how you could be keeping more of your hard-earned money.
Thankfully there is another way.
Just imagine if someone dependable took the time to meet with you – in person – and assess how things could be simpler for you. Wouldn’t it be great if there were no such thing as a silly question? No shame in not clearly understanding your obligations or how you could be saving time and money. If someone could help you navigate the road ahead and explain what to expect – with empathy and in a jargon-free way.
Hi. I’m Karen
I’m passionate about helping you to spend more time doing the bits you love and find integrity-filled ways to hang onto more of your hard-earned income.
That’s why I’ve created two DIY and two outsourced packages for sole traders who can’t see the wood for the trees right now and either just want to get their small business taxes done and dusted or want to be taught ways to manage their money and accounts more proactively.
Choose from:
Do It Yourself Support: Taking the leap into self-employment – what you need to know
1 to 1 coaching session for a morning. The agenda will broadly cover the following areas but content will be specifically tailored to your own business:
- What does the “sole trader” business structure mean?
- Outline of your tax responsibilities including which taxes to pay and when
- Outline what you need to do now to ensure that you can maximise on saving tax in your first year of trading
- Keeping track of income and expenditure – provision of templates tailored to your specific business
- How to prepare your first invoice
- Provision of templates to support a claim for various tax deductions
- Understanding the difference between the “cash” basis versus the “accruals” basis
- Understanding the “payments on account” system
- What expenditure you will be able to set off against your income (allowable versus disallowable expenditure)
- How to save accountancy fees
- Top 10 bookkeeping mistakes made by Sole traders
The training session will be preceded by an in-depth chat about your business via Zoom or phone. You will receive detailed guidance notes to accompany the training as well as Excel templates to assist with your record-keeping and tax claims.
Do It Yourself Support: Sole trader to Limited company – what you need to know
1 to 1 coaching session for a morning. The agenda will broadly cover the following areas but content will be specifically tailored to your own business:
- What does the “limited company” business structure mean?
- Outline of your tax, legal and accounting responsibilities
- Bank accounts and registering with Companies house
- Accounting reference dates
- Keeping track of income and expenditure – systems and rules
- VAT schemes, thresholds and what you need to know about VAT
- Extracting profit from your company via salary and dividends – the rules
- How to run your own payroll
- Useful accounting templates to record items of expenditure that you can obtain tax relief for
- What you can and cannot claim expense wise as a Director/as a Company
- How to save accountancy fees
The training session will be preceded by an in-depth chat about your business via Zoom or phone. You will receive detailed guidance notes to accompany the training as well as Excel templates designed to assist with your business record-keeping and tax claims.
Sole Trader: Outsource Tax Return and Accounts
- Preparation of year end accounts
- Submission of self assessment tax return
- Email support throughout the tax year
- 1 meeting or Skype to discuss your accounts and tax
Sole Trader: Outsource Bookkeeping, Tax Return and Accounts
- Bookkeeping (up to 25 transactions per month)
- Quarterly accounts
- Preparation of year end accounts
- Submission of self assessment tax return
- Email support throughout the tax year
- 1 meeting or Zoom call to discuss your accounts and tax
Growing your business either as a Limited company or Sole trader and needing support with bookkeeping, VAT or Xero accounting software?
Take a peep on how I can help you in Growing your business.
Next steps
You’ll notice there is no “Buy Now” button here. That’s because I won’t be right for everyone and I can only work with a limited number of 1:1 clients. So I insist on spending 30 minutes on a call before we commit. We’ll get to ‘meet’ each other and see if we’re a good fit. We’ll look at where you are now, where you need to get to and what level of support you need.
This call is to help you get clarity and it’s totally free of charge. I won’t sell to you but I will tell you if I think I can help. And if I feel my services aren’t a good fit for your needs then I’ll be honest about that too.
Ready?
Not Ready now?
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My promise to you:
I promise to give you my very best but I cannot promise you specific outcomes. What you do with what I share will depend on you, and where you’re at right now in your business and in your life. So, there are no refunds and no guarantees. Do save your receipt, though, as this is very likely a tax-deductible business expense for you.