Accounting and tax support for sole traders

Practical accounting and tax support for self-employed businesses.

Running a business as a sole trader offers flexibility and independence, but also requires keeping accurate financial records and meeting HMRC reporting obligations.

I provide straightforward support to help sole traders stay organised, understand their finances and ensure accounts and tax returns are prepared correctly and submitted on time.

Typical services include

• Preparation of sole trader accounts
• Self-assessment tax returns
• VAT registration and VAT returns
• Payroll for employees
• CIS returns and subcontractor verification
• Bookkeeping support where required
• Setup and configuration of cloud accounting software
• Training and support for QuickBooks and Xero users
• Access to cloud accounting software where appropriate
• Making Tax Digital for Income Tax (MTD ITSA) preparation and compliance
• Advice on record keeping and allowable business expenses

With the introduction of Making Tax Digital for Income Tax, many sole traders will be required to keep digital records and submit updates to HMRC throughout the year. Cloud accounting systems can make this process significantly easier, and I can assist with selecting, setting up and using suitable software.

If you would like help managing your accounts and tax obligations, please get in touch.