Accountants for Sole Traders

You Shouldn’t Have To Run Your Business Alone

We understand the hustle, the late nights, and the sheer determination that it takes to be a sole trader. It’s often a one-person show, where you wear every hat, handle every task, and make all the decisions.

You are the business, and you’ve nurtured it from the ground up, this means you are also responsible for the tax owed, along with any debts incurred by the business. But here’s the truth: You don’t have to do it all by yourself.

At Contracting PLUS, we’re here to be that helping hand you deserve. We understand that your time is precious, and it should be spent where it matters most – growing your business, doing what you love, and excelling at what you do best.

We specialise in simplifying tax, accounting, bookkeeping and the admin that goes with it. We’ll support your tax and filing obligations, give guidance on VAT, provide advice on business expenses, keeping you and your business compliant. We’re here to support you so that you can invest more time in your core business activities. Our service includes online accounting software that’s made for small businesses. It allows you to easily track and claim your expenses…imagine no more lost receipts!

Along with bookkeeping and tax, we have an in-house financial advisory team, who can give advice on pensions, long term savings and protecting yourself should you fall ill as a self-employed individual. If you are planning on buying a house our expert team at Mortgage Navigators, specialise in mortgages for the self-employed, and will assist you from mortgage application through to drawdown. Their experience makes the process of getting your mortgage simple.

Operating as a Sole Trader

When operating as a Sole Trader in Ireland, it is important to keep a couple things in mind so that you can work seamlessly.

• Registering as a Sole Trader – Once you decide to start business as a Sole Trader, you must inform Revenue of this decision. To register with Revenue, you can use their online service MyAccount. This is something we can do for you when you become a client.
• Your Business Name – If you wish to trade under a business name as opposed to your own name, you will need to register that name with the Companies Registration Office (CRO).
• Business Bank Account – We would always advise that you open a separate business account so that your personal and business finances are kept apart. This will make reporting much easier for you. 
• Consider VAT – If you are providing services and are likely to exceed the VAT threshold, you should consider whether you need to register for VAT, charge VAT on invoices and file VAT returns. We can provide advise on this for you.
• Consider Insurances –  Depending on your business activities, you might need to hold professional insurance cover, such as public liability insurance or professional indemnity insurance.
• Keep Accurate Records –  Maintaining detailed records of your income and expenses is crucial for reporting, filing and for managing your business effectively.
• Understanding Your Tax Obligations – When considering how much you will pay in tax each year, you will need to understand that all your income is liable to tax after you account for your business expenses. Once you become a client of Contracting PLUS, all of that will be taken care of. You’ll also get a Dedicated Account Manager who will advise you on what business expenses you are eligible to claim to minimise your tax bill.

Choose Contracting PLUS because…

Whatever way you are operating, whether you’re a sole trader or a limited company, we will look after all your accounting and taxes. We’ll remove the hassle of managing your expenses, invoicing, and dealing with the Revenue. We’ll handle the boring stuff so you will have more time to focus on your work and ultimately earn more money!

• You’ll get a dedicated account manager who’s available to you at the end of a phone, email or web-chat. You’ll never be ‘on the clock’!
• You’ll never get surprise extra fees!
• You’ll get the best tax-saving advice for your unique circumstances ensuring you maximise your financial position.
• You’ll get peace of mind knowing you are in the best hands (check out what others say about us here).
• You’ll know where you stand with your taxes…follow our advice and you won’t have any worries about unexpected tax bills.

and best of all

• You’ll deal with friendly and helpful people who believe in, and value, independent working (we’re invested in your success and we’ll make sure you always know where you stand financially) and we even have a 60-day money-back guarantee so there’s no financial risk for you.

If you have any additional questions, please call our Consultants, there is no obligation and no charge and we would love the opportunity to help (01) 6110707

Contracting PLUS – Your Self-Employed Success Starts Here!