Barbara Selkirk Qualified ACMA and ACIS   Accountant   offers  IT  expert proactive  accountancy  services  to   new  or  ongoing  small  businesses, sole traders, clubs  and small limited companies. 



VAT Services

PAYE Services

Limited Company

Bookkeeping Service

Corporation Tax Return

Tax Advice

Useful Links

Contact Us





Profit & Loss


Cash Book


Balance Sheet



BSW Accounting Services

Ballards Place


Tenbury Wells

Worcs WR15 8JR


Tel : - 01584 814594



Self Assessment – The Basics

Working for yourself can be daunting especially if you were previously a PAYE employee  However with the support of your BSW accountant, the prospect can be made easier especially if we help you from the beginning and help you set up basic records required to form annual accounts.

Sole Trader’s Income tax and National Insurance

As a sole trader you have to:

·                     register with HM Revenue & Customs as self-employed

·                     complete a self-assessment tax return every year

·                     Pay Class 2 and Class 4 National Insurance contributions (NICs) 

Two Golden Rules…….

·            Be aware of all of your tax deadlines = it remains your responsibility to meet those deadlines, even if you use the services of a tax adviser like BSW Accountancy Services

·            Keep on top of your records on as regular basis – don’t ;eave it to the last minute!

If you work for yourself BSW Accountancy Services can prepare your accounts and explain how the figures are arrived at and what they mean!
If you want we can complete your book-keeping, complete your VAT returns and handle your payroll.

We will make recommendations where necessary that will be tax efficient and suggest those that will enable the business to flourish and prosper.

We will complete your self-assessment returns on time and calculate your tax liability for you and provide support and advice.


















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