Sole Trader Versus Limited Company: Choose Wisely
Compare sole trader versus limited company status, tax, paperwork and risk, so you can choose a business structure…
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No obligation. Quick 30-minute call with a tax specialist.
Stay compliant with HMRC without the stress. We handle your MTD setup, quarterly submissions, and tax planning—so you can focus on your business.
From 6 April 2026, MTD for Income Tax applies if your qualifying income is over £50,000. The threshold drops to £30,000 from April 2027 and £20,000 from April 2028.
See who is affected, the quarterly deadlines and which income counts →
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Compare sole trader versus limited company status, tax, paperwork and risk, so you can choose a business structure…
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Based in Wallington, Accountancy N Tax Services Ltd helps sole traders, landlords, CIS subcontractors and small limited companies across Wallington, Sutton, Croydon, Carshalton, Mitcham, Epsom, Kingston and the wider South London and Surrey area. We are an Accredited Member in Public Practice of the Institute of Financial Accountants (IFA), with over 15 years’ experience.
Not by law, but an accountant makes sure you claim every allowable expense, avoid costly mistakes and never miss a deadline.
Online tax returns and any tax owed are due by 31 January after the tax year ends. For the 2025/26 tax year, that’s 31 January 2027.
Yes. We can bring late returns up to date, deal with HMRC penalties and get you back on track.
Yes. Most of our work can be done online, so we help clients anywhere in the UK.
Speak to a local accountant today. Call 020 7112 9098 or email info@accountancyntax.co.uk.
We also work with clients across London, including East London, with appointments online or face-to-face. Your first consultation is free – call 020 7112 9098 or email info@accountancyntax.co.uk.
