Knowledge Centre Category: Sole Traders & Partnerships

Self-Assessment

Self-assessment is the system used by HMRC to collect income tax from individuals whose tax affairs are not fully dealt with through PAYE, including company directors, landlords and the self-employed. Green Accountancy prepares and submits personal tax returns for clients as part of its personal tax service.

Bookkeeping

Bookkeeping is the ongoing process of recording all financial transactions in a business, forming the foundation of accurate year-end accounts. Green Accountancy uses Xero to support clients with bookkeeping, reporting and real-time financial visibility.