Sole Trader Accounting That Takes the Stress Out of Tax

Self Assessment every January

The 31 January filing deadline arrives every year and the penalties for missing it start at £100 immediately, increasing the longer it remains unfiled. Beyond the deadline, most sole traders are unsure whether they are claiming every allowable expense — and HMRC will not remind you what you are entitled to. We file on time and identify every legitimate deduction.

Not knowing what to set aside for tax

Unlike employed workers, sole traders receive their income gross — no tax is deducted at source. This means you are responsible for setting aside money for your January and July payments on account. Many self-employed people are caught out by a larger-than-expected tax bill because they did not plan for payments on account. We calculate your liability throughout the year so you always know what to set aside.

Making Tax Digital is coming for sole traders

From April 2026, sole traders with income over £50,000 must submit quarterly digital updates to HMRC under Making Tax Digital for Income Tax. From April 2027, the threshold drops to £30,000. We already operate on fully MTD-compliant software and will have you set up well ahead of your deadline.

We make Self Assessment straightforward

Self Assessment does not need to be stressful. Send us your income and expense records each month — we do the rest. We categorise your expenses correctly, identify every allowable deduction, and file your return well before the January deadline. You receive a summary before we file so you always know what you are paying and why.

MTD ready before the deadline

Making Tax Digital for Income Tax is the biggest change to Self Assessment in a generation. Sole traders above the income threshold must move to quarterly digital reporting. We already operate on MTD-compliant software and will migrate every client ahead of their individual deadline — with no disruption to your existing records.

Honest advice on when to go limited

At a certain income level, operating as a limited company becomes significantly more tax-efficient than sole trader. Most accountants wait for you to ask. We monitor your income and proactively advise when the switch makes financial sense — including modelling the exact tax saving before you make the decision.

Simple, Transparent Pricing for Sole Traders

Sole trader accounting starts from £175 per month. Your exact price depends on your turnover and the services you need. Use our calculator for an instant estimate.