Are there any statutory obligations for a sole trader to file a balance sheet with his/her SATR? Brian
The short, quick and easy answer is..........no.
I never do.Utterly pointless document for 99.9% of sole traders.
BALANCE SHEETAn Inspector of Taxes once told me during an enquiry case that if a balance sheet is included on the SA REturn then they are entitled to ask questions about it. The solution therefore is simple - do not include it!!