Why Choose our Sole Trader Accounting Service
- Flexible Tailored Service
- Highly Responsive
- Own Dedicated Accountant
- Tax Efficiency as Standard
- Personable, friendly, pro active
- Unbeatable Value Service
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How Can We Help?
Our dedicated team of Sole Trader Accountants offer tailored solutions that help manage finances, file taxes, and maximise profitability.
Whether you are an engineer, electrician, hairdresser, builder, caterer, beautician, plumber, subcontractor or freelancer, our sole trade accountancy service is designed to make everything as simple as possible. Our dedicated team can register for taxes, prepare your accounts and file your tax return following your approval. We will ensure that all allowable expenses are claimed and that your return is filed accurately and on time. As your tax agent, we will also be able to liaise with HMRC on your behalf.
We’re committed to ensuring that your business thrives. We assist you in maintaining accurate records, optimising your tax position, and meeting compliance requirements. From startup ventures to established sole trader businesses, we can support the day-to-day running of your business and ensuring that you are tax efficient. We are on hand for everyday guidance and support and can advise on keeping records and cloud software.
FAQs
How much are accountant fees for sole traders?
Roughly: Individual tax return – £75 to £295 + vat per annum, depending on bookkeeping requirements; Self-employed tax return and accounts – £250 to £500 + vat per annum. Contact us to learn more about our fees for accountancy services.
Should a sole trader use an accountant?
There is no legal requirement for a sole trader to hire an accountant. Although it isn’t mandatory to hire one, if you want to ensure that all your tax affairs are correct, you are paying no more tax than necessary and that your filing on time, then hiring an accountant is a no brainer! Knowing your finances are in good hands with reputable accountants ensures compliance with regulations.
What do accountants do for sole traders?
As a sole trader, detailed bookkeeping is crucial as you must report your business profits at the end of each tax year. Your accountant will be able to prepare your accounts from bank statements, cloud software or a spreadsheet, from which they can work out your tax liability.
Do I need an accountant if self-employed?
An accountant can give self-employed workers sound advice on their expenses and how to manage their business better from a financial standpoint. Choosing an accountant allows for a personalised service, ongoing help and support and financial and tax compliance.
Where can sole traders get advice from?
Are you already trading or considering starting a business as a sole trader? Low Cost Accounts can help as we are a ‘one-stop-shop’ for accountancy services and tax advice for independent businesses and self-employed professionals.
OK, I’m sold. How do I become an LCA client?
Brilliant! We are really easy to get hold of. You can either use the contact box below, or give us a call on 0330 175 7534.
We look forward to hearing from you.
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