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Sole Traders & Partnerships

We offer an inclusive, reasonably priced, fixed fee service for all sole traders and partnerships. Our services range from regular management accounts, to annual accounts, VAT and payroll. With Paul Montanaro & Co you’ll experience our friendly down-to-earth approach. And we speak plain English too.

Management Accounts – get the reassurance of knowing how you are performing against your annual plan. This means you can budget for your tax bill and avoid any nasty surprises. We can update you every quarter, or even monthly if you’d like.

Annual Accounts – whether your accounts are neatly arranged or a bunch of receipts in a cardboard box, we will turn your figures into a tidy set of annual accounts. With a fee agreed upfront, the service also includes a discussion around your plans for the next 12 months. This will help you plan for your tax liability moving forward, either unlocking a welcome bonus, or simply delivering peace of mind that you have it all covered.

VAT – if your business turnover qualifies you to be VAT registered we will complete the necessary quarterly returns for you, whether you use the flat rate scheme or the normal VAT method. We can also advise what method would work best for your business.

Payroll – if you are an employer we will deal with all matters relating to the pay of your employees, and if required, provide you with pay slips each week/month. We will complete your monthly and annual returns to HMRC as well as issuing the employee paperwork at the end of each year or on termination of employment. If required, we can introduce you to employment specialists who can help you draw up suitable contract terms that will ensure your legal protection.

Self Assessment - Alongside your annual accounts we will complete the self assessment paperwork and computations, determining how much you owe or are owed by HMRC. We will also explain how the payments are arrived at and when they are due.

If the business is in a period of significant change we will liaise with the HMRC to ensure the payments on account reflect the expected/ projected operation of the business in the coming 12 months, thereby ensuring your cash flow is appropriately protected.

Business Plans, Projections and Cashflow - whether your are embarking on a new business venture, an acquisition or an expansion plan, we can help you determine the impact on your core business in financial terms. Plus we can identify what additional finance you may require and in what format. This includes developing a meaningful business plan to secure financial support from your Bank, if required.