Our new service for Sole Traders.

We have all asked the question “will periodic lockdowns become the new norm?” – No one knows, but just in case we have launched a brand-new service for Sole Traders. All you have to do is take a photo of your receipts and issue your sales invoices – that’s it!

This blog update has been written on the 3rd of April whilst the whole country is in lockdown. The new tax year starts on the 6th of April. It is crucial for Sole Traders to know what to do regarding their tax and to know what is available from HMRC. Do you have up to date figures to be able to borrow money? Do you need to defer your July tax bill? Do you have losses to use to get a refund? Are you on CIS?

We have teamed up with the guys and girls at Receipt Bank to provide you with an app for your smart phone to take pictures of your receipts. Lie the receipt on a flat surface, take a picture and that will go through to the 1 Accounts team to process for you on a monthly basis.

Receipt Bank logo

Sales invoices, you will need to issue yourself. We can provide the tools for this at an additional cost. Just ask about the software upgrade for sales invoice processing.

Our New Sole Trade Service will provide you with the following for just £37.50+vat per month

  • Receipt Bank App
  • Online accounts software. (read only version)
  • Monthly book-keeping
  • Self Assessment Tax Return
  • Sole Trade Income & Expenditure accounts
  • 1 Accounts unlimited business E-Mail & Phone support
  • Refund Chasing for CIS

For all new clients that sign up before the 30th of April 2020, we will provide you with Receipt Bank and process your 19/20 accounts for a reduced fee of £250+VAT (normally £350+VAT) payable upon acceptance. Your monthly service will then start from the 1st of July, but we will process your records for free until the service starts.

If you would like to sign up to our new service please email jade@1accounts.co.uk

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