Accountants For Traders

Even if you already have an accountant working on your behalf, if they are unaware of the intricacies of your business sector, or what accounting factors impact your take home pay, you could be missing out.
Whether you are new to the role or you are long established, you need accountancy support from a specialist. This way, you can rest assured you maximise your income and benefit from any eligible tax schemes.

We will appoint a trader accountant with specialist knowledge of financial affairs relating to trading, whether you're an independent day trader, a commodities specialist, or a forex enthusiast.
These examples illustrate some of the areas in which we can assist you:

Accounting

We will manage your annual accounts preparation, bookkeeping, self-assessment tax returns, VAT returns (including preparation and submission), compliance matters, and more.

We will also advise you on the topic of tax investigation fees insurance* and communicate with HMRC regarding all enquiries.

Learn more: How likely are you to be investigated by HMRC?

Learn more: 5 stages of tax investigation

Learn more: How far back can HMRC go?

*HMRC can investigate any self-employed individual at any time, potentially leading to fees or penalties, even if you are found to be compliant. Protecting yourself against these fees can be invaluable.

Tax Planning

Our tax guidance encompasses income tax, capital gains tax, tax relief, and other trading-related tax matters, so no matter what tax planning aspect you need assistance with, we are on the side of financial traders.

Learn more: How to avoid tax on capital gains?

We also offer financial planning support for financial traders

Whenever you seek advice on these subjects, your specialist accountant will navigate you through each step. We are also here to help with personal wealth management, investment strategies, and financial planning tailored to traders.

Expenses

The intricacies of what you can claim for (such as trading software, hardware, subscriptions, market data fees, home office equipment, and more) can be intricate and time-consuming to grasp.

We will ensure that you claim everything you're entitled to, without overstepping regulations or missing out on permissible deductions for your trading business.

VAT and Tax Implications

Understanding Value Added Tax can be challenging, especially when determining what you can reclaim VAT on. For instance, if you've set up a trading station at home and bought equipment solely for this purpose, you can reclaim the VAT.

However, HMRC doesn't permit VAT recovery for household expenses if there's personal use, as they assume these costs would have been incurred regardless. Thus, it's crucial to be discerning in your claims.

Our trader accounting services will address any VAT concerns, tax bills and all tax planning matters to ensure you claim for all allowable items.

Making Tax Digital (MTD)

The UK government has ushered in reforms to the tax system aiming to phase out physical paperwork.

Under this revamped system, all tax returns filed after April 6, 2026, must be submitted online via software that's MTD-compatible.

Our accountants are here to guide you through this transition, ensuring a seamless experience.

Here are some of the areas where Auditox accountants can assist you:

Expenditure Analysis

We will delve into your financial landscape to pinpoint where funds are being allocated and identify potential areas for cost reduction. Our analysis will encompass elements such as trading platform fees, rental spaces for offices, trading tools, software subscriptions, market data fees, and various trading-related consumables.

Should we discern potential avenues for savings in any of these sectors, we'll present our insights. However, the ultimate choice remains in your hands. Whenever feasible, we'll introduce cost-effective alternatives.

Debt Management

Auditox Accountancy services are adept at revisiting and renegotiating debt repayment terms to foster a more fluid cashflow scenario.

While many trading entities bear some form of debt, it shouldn't be a weight that hampers the daily operations of a thriving trading venture. We're here to streamline the process, recognising that traders and trading firms already grapple with a myriad of challenges.

E-Security

Given the sensitive nature of trading data, as well as personal and financial information of clients, safeguarding your systems against malevolent breaches is paramount.

We will conduct a comprehensive system security assessment and proffer enhancements where deemed necessary, ensuring all your data remains fortified.

Tax Efficiency & Accounting

Navigating tax filings and annual account preparations can be daunting, more so when you're engrossed in the fast-paced world of trading.

The adept accountants for traders at Auditox Accountancy are poised to shoulder these responsibilities, offering astute counsel on all trading accountancy facets.

For instance, an accountant from our team can execute a thorough audit of your tax, accounts, and fiscal performance to guarantee tax efficiency. We'll spotlight any deductible expenses you might be missing and aid in structuring your accounting framework in a more intuitive and lucid fashion.

Start-Up Advice for Financial Traders

Embarking on a trading venture shares many parallels with launching any business.

There's the need to secure trading platforms, tools, software, perhaps even a physical office, and much more. Concurrently, the foundational and administrative facets such as accounting, tax, payroll, and insurance need alignment.

Support During Start-Up

We offer specialist services tailored for those venturing freshly into the trading realm. We pledge to furnish you with astute and timely business counsel and assist in establishing a state-of-the-art online accounting system fortified with cloud technology, setting you on a trajectory for success.

This system can seamlessly integrate with your business banking, enabling functionalities like invoice scanning, printing, and retrieval. Moreover, it grants you access and management capabilities over your tax and accounts data.

Annual Accounts

We will oversee all your accounting needs, including:

• Accounts payable/receivable
• Financial Statements
• All taxation matters - including self assessment tax returns
• Book-keeping
• Management accounts
• Payroll and pensions
• Personal taxation or Limited liability partnership matters

We know UK tax law

We stay in touch with UK tax laws so you don't have to, and a key component of our accounting services is advising clients to ensure your business accounts operate with a tax efficient structure and meet all tax compliance requirements.

We carry out sole trader tax returns and more

We know tax returns are a pressing concern for many professionals in this field, and we are highly specialised here. Whether you need assistance with sole trader tax returns or complex tax regulations for your trading business (such as the Enterprise Investment Scheme), we're committed to helping financial traders comply with all tax returns.

Furthermore, we craft annual accounts (statutory accounts) and summaries at the culmination of your fiscal year for stakeholders, board members, and your AGM. These documents are pivotal for potential investors deliberating on their stake in your trading venture, underscoring the importance of precision.

Payroll & Pensions

Navigating payroll and pensions can be daunting, especially in a trading environment that hasn't fully embraced digital solutions.

With a dedicated accountant for traders from Auditox Accountancy, you're partnering with an expert attuned to the trading sector's nuances. We will manage all fiscal matters related to salaries and pensions.

Our digital accounting and payroll platforms are both secure and user-friendly, granting you instantaneous access to essential data, including:

• Pension details
• Employee payslips (historical and current)
• Employee work logs
• Annual leave schedule
• Compensation specifics
• Personal data (contact information and more)

Many trading firms squander precious hours juggling paper documentation. Our system eradicates such inefficiencies, fostering a streamlined and effective operation. Access your data remotely and securely across diverse devices via our cloud accounting software, simplifying management and oversight. This efficiency translates to time savings, enabling you to channel your energies on core trading activities.

Should you encounter any challenges or require guidance, your Auditox Accountancy specialist is readily available to offer assistance and insights.