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SOLE TRADE ACCOUNTANTS

Effectively managing your sole trader accounts is essential for the growth and success of your business. With the support of Sole trader accountants and the right accounting software, you can simplify your financial management and focus on what matters most.

Who are The Sole Traders?

A sole trader is an individual who operates a business independently, without the involvement of a separate legal entity such as a partnership or corporation. Sole traders are responsible for all aspects of their business, including sole trader accounts, tax compliance, and legal requirements. This business structure offers simplicity and flexibility, as sole traders have complete control over their business operations. However, this also means that sole traders are personally liable for any debts or liabilities incurred by the business, making it crucial to manage finances effectively.

Sole trader accountants

Software Used by Sole Traders

There are several software tools available to help sole traders or sole trader accountants manage their accounting and finances. Some popular options include QuickBooks, Xero, FreshBooks, and Wave. These tools offer features tailored to the needs of sole traders, helping them maintain accurate accounts, track expenses, and stay compliant with tax regulations

Why Sole Traders Need an Accountant

Hiring accountants for sole traders can provide numerous benefits, including: Sole Trader accountants can help you in various fields.

Expert Financial Management

Accountants for sole traders can help you set up and maintain accurate sole trader accounts, ensuring you have a clear picture of your business’s financial health.

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Tax Compliance

Sole Traders Accountants can help you understand and navigate complex tax regulations, ensuring your business stays compliant and avoids penalties.

Business Growth

With expert financial advice and strategic planning, accountants for sole traders can help identify growth opportunities and guide you in making informed decisions for your business’s future.

Tax obligations of Sole Traders

Sole traders are required to pay income tax on the profits they make from their business. The tax rate is based on income tax bands and depends on the amount of profit earned. They are also required to pay National Insurance Contributions (NICs) on their profits, which contributes to their state pensions and other benefits. Sole traders need to file a self-assessment tax return every year which outlines their income, expenses, and tax liability. They can claim deductions on allowable expenses like office expenses, travel expenses, and other costs related to running a business.

Why Account-Ease is the Best Option for Sole Traders:

Account-Ease is a comprehensive accounting solution designed specifically for sole traders. We have best and qualified Sole trader accountants. Here’s why it’s the best choice for your sole trader accounting needs:

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Simplified Accounting Processes​

Account-Ease streamlines your financial management with intuitive tools for invoicing, expense tracking, and financial reporting, making it easy to maintain accurate sole trader accounts.

R&D Tax Credits

Time-saving Features

Account-Ease automates tedious tasks like data entry and bank reconciliation, allowing you to spend more time focusing on your business

R&D Text Credit

Improved Financial Decision-making

With real-time financial insights and expert advice from our team of dedicated accountants for sole traders, Account-Ease helps you make informed decisions to grow your business and maximize profitability.

Customized Solutions

Account-Ease offers tailored accounting services and packages to suit the unique needs of your sole trader business

Sole Traders

Avail 25% discount – switch to our annual plan

Basic
£24.50 /mo
Turn over up to 50k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Monthly Payroll Filings
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Self-Assessment
  • Bookkeeping £10 per month
*
Star
£39.50 /mo
Turnover up to 100k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Up to 2 employees
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Self-Assessment
  • Bookkeeping £10 per month
*
Prime
£49.50 /mo
Turnover up to 150k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Up to 2 employees
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Up to 5 Employees
  • Bookkeeping £10 per month
*

Avail 25% discount – switch to our annual plan

Basic
£294 220 /Yr
Turn over up to 50k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Monthly Payroll Filings
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Self-Assessment
  • Bookkeeping £10 per month
*
Star
£474 355 /Yr
Turnover up to 100k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Up to 2 employees
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Self-Assessment
  • Bookkeeping £10 per month
*
Prime
£594 445 /Yr
Turnover up to 150k

  • Online accounting Software
  • Unlimited Email Support
  • Unlimited Accountancy Support
  • HMRC Registration
  • Self-Assessment Submission
  • Dedicated Qualified Accountant
  • Unlimited Telephone Support
  • Complex Self-Assessment and Review
  • Up to 2 employees
  • VAT registration and Filing
  • Payroll Support
  • Confirmation Statements
  • Up to 5 Employees
  • Bookkeeping £10 per month
*

Additional Services

vat-services

VAT Return Services

A VAT return is a form that a company must file with HMRC, usually every three months. A complete VAT return shows either money owed to HMRC or whether a company is due a refund. Once a business conduct sale more than £85,000 then they must have registered for VAT.
Bookkeeping Services

Bookkeeping Services

Bookkeeping is the process through which you can keep a record of your financial transactions. We can help you in this in a professional way so you can keep focusing on your business without any worries. We check your transactions every month to ensure the classification is under the international financial reporting standards.
Small Business

Self-Assessment

Self-Assessments in UK can strike fear into freelancers, contractors and company directors alike. Once the new tax year starts, it’s only a matter of time before you have to dig out all those old invoices and expenses, dust off those ancient bank statements and tell HMRC how much money you owe them.

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