Tradespeople work hard and often do their own books in the evenings, which usually means missed expenses and last minute returns. You should not be losing money to tax simply because no one set it up properly.
We work with trades across the UK, claiming everything you are entitled to, handling CIS where it applies and keeping your return quick and accurate.
The tax challenges tradespeople face
- Claiming tools, equipment, van costs and travel correctly
- CIS deductions if you work in construction
- Knowing when to register for VAT as you take on bigger jobs
- Keeping receipts and mileage across many jobs
- Deciding between sole trader and limited company as you grow
What we help with
- Self Assessment prepared and filed
- A full review of tools, van, travel and other costs
- CIS refunds and returns where they apply
- VAT advice and returns as you grow
- Simple record keeping that fits a busy week
- Advice on sole trader versus company
Common mistakes to avoid
Useful tax tips
- Keep a single folder or app for receipts, tools and mileage
- Larger tools and equipment may qualify for capital allowances
- Watch your turnover so VAT registration is a choice, not a shock
- Review company versus sole trader once your profit is steady
An electrician who stopped overpaying
An electrician had filed simple returns for years with only a few fuel receipts. By reviewing tools, the van, travel, insurance and protective gear, we found far more allowable cost than they had been claiming, reducing the taxable profit within the rules and setting up easy records going forward.