What Sole Traders Need to Submit
To get your Self Assessment return done smoothly, we need a clear picture of your business income and any other personal income you’ve had during the year. Here’s how to prepare.
Business Information
Please ensure your bookkeeping is up to date and you have:
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Finalised invoicing for the financial year
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Reviewed your debtors (unpaid invoices) and made provisions for any likely bad debts
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Reviewed your creditors – make sure all bills are recorded, even if not yet paid
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Completed a stocktake (if you hold stock)
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Bank and credit card statements for all business accounts
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Copies of large asset purchases or loan agreements, if applicable
Other Personal Information
Even as a sole trader, you may have other income that must be reported. Please have details ready for:
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Employment income (PAYE jobs)
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Dividends received from companies
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Rental income or sale of property
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Crypto, shares, or other investments
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Interest received on savings
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Student loan repayments (check your annual Student Loan Statement)
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Child benefit payments (especially if your income was over £50,000)
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Donations to charity or personal pension contributions
If you're unsure what applies to you, don’t worry — the questionnaire will guide you. But having this information ready will speed up the process.
As always, reach out to our Support team at support@beany.uk with any questions.