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GuidesBlogAboutContact Start the checkHome / Services near you / Sole trader accountants Newport
Sole trader accountants in Newport who file on time and answer the phone
Sole trader accountants Newport is what people type in when the self assessment deadline is close, the bank statements are in a pile, and last year’s tax bill still does not make sense.
Most sole traders we meet are not behind because they are careless. They are behind because the last accountant took a week to reply and billed for the call. We agree a fixed fee before we start, reply the same working day, and tax investigation cover is included free for every client.
In one lineSupreme Consultants is an AAT licensed accountancy practice in Cardiff Bay that acts for sole traders in Newport, handling bookkeeping, VAT where registered, self assessment and HMRC correspondence on a fixed monthly fee agreed in advance. Calls, meetings and emails are never charged for, and tax investigation cover is included for every client.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your sole trader tax in good hands? Three questions.
No email address needed, just answer with the buttons.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee for the year ahead will not change?
If HMRC opened a check tomorrow, would they handle it at no extra cost?
On all three counts you are carrying risk that should sit with your accountant. The check takes a couple of minutes and tells you where you stand.
Start the checkThat is a reasonable position, and better than most sole traders we meet. There is one gap worth half an hour of conversation before the next deadline.
Start the checkYou are well served, and we would say so. If you want to sense check anything, the guides cover what sole traders usually get wrong.
Read the guidesWhat you get as a sole trader in Newport
Tax investigation cover at no extra cost
Every client gets it free, because we cover it ourselves rather than selling it on. Every HMRC investigation we have handled, we have won.
Your return filed without the January scramble
We work your records through the year, so the figure you owe is known months before the deadline. You can plan for it instead of finding out.
A fee you know before we start
One fixed fee agreed in writing. Ring us when a client disputes an invoice or a letter lands, and the call is never added to it.
What Newport sole traders tell us when they call
Three things we hear most weeks from people trading on their own account.
“I emailed my accountant about an HMRC letter three weeks ago and I still have not heard back.”
The letter had a deadline on it. By the time anyone replied, a penalty had been added that could have been appealed.
“My tax bill was nearly double what I expected and nobody explained the second payment.”
Payments on account were set from a good year and never reduced, so money went to HMRC that the business needed.
“All my receipts are in a carrier bag and I have no idea what I actually earned last year.”
Without figures through the year, the owner priced jobs on guesswork and underpriced two of the biggest ones.
What changes once we take it on
We go through your past returns and your HMRC record in the first month, and tell you plainly what we find. Your bookkeeping gets a proper setup, with free migration to Xero if you want it. Every deadline for the year ahead is diarised by us, so you are not the one chasing.
How this compares with a once-a-year accountant
Plenty of Newport sole traders use a firm that types up a return each January, and for some people that works.
A once-a-year return service
You hand over a year of paperwork in one go.
The tax figure arrives weeks before it is due.
Questions in between get billed or ignored.
An HMRC letter is treated as new work.
With Supreme Consultants
Records are kept through the year, so nothing is reconstructed.
You know the bill months ahead and can set money aside.
Calls, meetings and emails are never charged for.
Tax investigation cover is included for every client.
Eight things to check about your current set-up
Answer each one yes or no about how things work for you today.
Do you know today roughly what your next tax bill will be?
Knowing the figure early is what lets you put money aside monthly.
Has anyone reviewed whether your payments on account are too high?
They can be reduced when your trade drops, and often nobody checks.
Are your business bank transactions recorded at least monthly?
Monthly records stop a year of reconstruction every January.
Do you get an invoice when you ring your accountant?
If you do, you will sit on the small questions that cost the most.
Are you registered for VAT or close to the threshold?
Crossing it unnoticed means backdated VAT on sales you already made.
Do you claim use of home, mileage and equipment properly?
These are the expenses most often left off a sole trader return.
Would someone handle an HMRC letter for you at no extra charge?
Our tax investigation cover is included for every client.
Do you have a plan for Making Tax Digital for income tax?
Quarterly reporting needs your records kept as you go, not in January.
What we do for your sole trader accounts
One fixed fee covering the work and the relationship, for sole traders and partnerships across Newport.
All Services near you- Self assessment
- Your return prepared, checked against your HMRC record and filed on time, with the expenses and reliefs you are entitled to claimed.
- Bookkeeping through the year
- Your bank feed and receipts kept up to date monthly. Free migration to Xero if you want to move software.
- VAT returns
- If you are registered, we prepare and file your returns and tell you before the threshold becomes a problem.
- HMRC letters and penalties
- We answer the letter, unpick payments on account and appeal penalties where there is a case. Investigation cover is included free.
- Deciding when to incorporate
- We run the numbers on staying a sole trader against forming a company, and tell you which way round it falls for you.
What knowing the Welsh rules is worth to a small business
A convenience store franchisee came to us still paying full business rates through Covid. Cardiff Council required an application for retail rates relief and nobody had told him.
Clients described by type. Names withheld.
- How it was found
- We spotted it in the first meeting, reading his rates bill alongside his accounts.
- What happened
- The money came back to the business and the relief was applied properly from then on.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Most of it happens at our end, including the conversation with your current accountant.
- Before you join
A free introductory chat
Tell us where things stand. If we cannot genuinely help, we will say so in that call.
- Week one
Fee agreed and records requested
We complete your ID checks, put the fixed fee in writing, and write to your current accountant for your records. You do not have to make that call.
- First month
Your old returns gone through
We read your past self assessments and your HMRC record in detail. This is where missed expenses, overstated payments on account and appealable penalties turn up.
- By ninety days
Deadlines mapped and books tidied
Your self assessment, VAT if you are registered and any payment dates are diarised for the year. We set your bookkeeping up properly and tell you what to put aside each month.
Who we are not right for
We do not take on CIS construction subcontractors.
We do not act for charities.
We do not take on one-off self assessment or capital gains returns, or businesses already late into an HMRC investigation.
If you are a Newport sole trader who wants the year looked after rather than a return typed up each January, run the check.
Sole trader accountants Newport: questions people ask
How much do sole trader accountants in Newport charge?
We work on a fixed monthly fee agreed in writing before any work starts. What it comes to depends on your turnover, whether you are VAT registered, how many transactions you have and the state of your records. We quote after the introductory chat rather than guess. Calls, meetings and emails are never charged on top.
How do I switch from my current accountant?
You say yes and we do the rest. We complete your ID checks, agree the fee, then write to your existing accountant for professional clearance so they hand your records over directly. You never have to have that conversation. Switching includes a free first month and free migration to Xero if you want it.
What happens if HMRC writes to me or opens a check?
Send it to us the day it arrives and we deal with HMRC on your behalf. Tax investigation cover is included free for every client, because we carry it ourselves rather than selling it as an add-on. Every HMRC investigation we have handled, we have won. Bringing us in early changes what can be done.
Do I have to change accounting software?
No. If your current system works we will use it. If you want to move to Xero we migrate you free as part of switching, and we set it up so your bank feed does most of the recording. Spreadsheets and bank statements are fine to start from if that is where you are.
Do you work with sole traders based in Newport if you are in Cardiff Bay?
Yes. We are at Titan House in Cardiff Bay, around twenty minutes up the M4, and more than ninety per cent of our hundred plus clients are across South Wales. We work remotely, in person, or a mix. Newport sole traders usually meet us once and then deal with us by phone and email.
Should I stay a sole trader or set up a limited company?
It depends on your profit, what you take out of the business and who you sell to. We run both positions on your actual figures and tell you which is better, including the extra filing a company brings. If forming one makes sense, we do that for clients we act for ongoing.
Three ways to take the next step
Run the two minute check
Answer the questions and we come back the same working day with what we would do first.
Start the checkGot a question about your return?
Ask Mudassir directly, and the call costs nothing whether you join us or not.
Ask Mudassir a questionStill deciding
The guides set out what sole traders can claim and when each deadline falls.
Read the guides