As a Sole Trader you run your own business as an individual and you are self-employed. You can keep all your business’s profits after you’ve paid tax on them. You’re personally responsible for any losses your business makes. A partnership arrangement is similar to that of a sole trader but differs in that it has more than one owner. All partners own a specified percentage of the profits, and the liabilities, so they must pay tax on that percentage. As with a sole trader, each partner’s share of the profits is treated as their income. Theron Accounting provides sole trader accounting and partnership accounting services to business owners across the UK. We understand that choosing the right accountant as a sole traders or partnership is paramount to your business success. We offer a comprehensive range of accounting services for Sole Traders and Partnerships. What sets us apart is the quality of service we offer. We get to know you and your business so we can offer tailored solutions and advice to help your business succeed.