ACCOUNTING FOR FREELANCERS & SOLE TRADERS .
Working for yourself in Jersey, whether as a freelancer or a sole trader, brings a different set of accounting needs than running a larger business.
As a sole trader, your personal tax return covers your business income directly, taxed at the standard rate with marginal relief applying where it benefits you.
One thing worth thinking about early: operating as a sole trader means there’s no legal separation between you and your business, so you’re personally responsible for its debts and liabilities. Structuring as a limited company instead gives you limited liability protection.
Get in touch to discuss your situation as a freelancer or sole trader.
Related: Jersey tax services and GST returns and compliance.
"Rosscot Gives us real peace of mind. Knowing our finances are being looked after by the experts allows us to focus on running the business we love. They don't just crunch the numbers - they help us understand what they mean, so we can make confident, informed decisions for the future"