Accountants for Sole Traders
You grow your business - we will manage the numbers with precision and care.
Sole Trader Accounting Made Simple
Being your own boss is rewarding - but the paperwork? Not so much. From tax returns to expenses
and Book-Keeping, managing it all can quickly become overwhelming.
At Consultax Accounting, we specialise in supporting sole traders with tailored, no-fuss accounting.
Whether you’re starting out or well established, we will handle the numbers, save you money, and
free up your time - so you can focus on growing your business.
Accountants Committed to Your Success
Reliable, proactive, and results-driven - we apply the same level of dedication to your success that you bring to your business every day.
Insightful Advice That Moves You Forward
We go beyond the numbers to offer guidance that’s tailored, and built for growth.
Personalised Service That Feels Like Partnership
Your goals matter, so we deliver attentive, custom support designed to guide you towards lasting success.
Financial Clarity You Can Fully Trust
We prioritise clear communication, accounting support you can understand and rely on.
What is a Sole Trader?
A sole trader is a self-employed individual who runs their business independently. You keep all the
profits, but you are also on the hook for any losses - no separation between you and the business.
It is a flexible way to work, giving you full control - but it also means staying on top of your finances
is key.
Let a trusted Sole Trader Accountant take the pressure off. Get in touch with us today.
Our Expertise: Helpful Services at a Glance
At Consultax Accounting, we provide expert support tailored to the needs of sole traders. Whether you require comprehensive support or assistance with specific areas, our services are designed to ease your workload and maximise your income.
Tax Returns
We will manage your tax return from start to submission, ensuring it’s accurate, on time, and fully HMRC-compliant. No stress, no trouble - just peace of mind while you get on with running your business.
Effortless Book-Keeping
We keep your records accurate and up to date using accounting software XERO. No stress, no clutter. With our expert support, you will have clear, reliable data to make informed business decisions and stay fully compliant.
VAT Registration and Returns
If VAT applies to your business, we will handle the full process - from registration to accurate, on- time submissions. With our expert guidance, staying VAT-compliant is simple, efficient, and worry- free.
Maximise Your Business Expenses
We will ensure every allowable expense is tracked and claimed, helping you reduce your tax bill and boost efficiency. With our expertise, nothing gets missed - so you keep more of what you earn.
Smart Tax Planning for Sole Traders
Effective tax planning helps you keep more of your profits. We will identify allowances, reliefs, and opportunities tailored to your business - ensuring you're tax-efficient, compliant, and always one step ahead.
Are You Ready To Get In Touch?
Quick & affordable, avoid errors and penalties, keep your finances organised with our expert accounting services & bespoke packages.
Frequently Asked Questions
While you can handle your sole trader accounts yourself, why not lighten the load and give your business the best value at financial success? Our qualified accountants ensure your accounts are accurate, timely, and fully compliant with HMRC. Beyond the numbers, we offer valuable insights to help you scale your business and reach your goals efficiently and confidently.
Setting up a sole trader business is straightforward. All you need to do is register with HMRC and commence trading. Once you're up and running, it’s essential to keep track of your income and expenses, and complete an annual self-assessment tax return. With proper planning and organisation, you can ensure a smooth and compliant start to your self-employed journey.
As a sole trader, you need to keep records of all income, expenses, receipts, invoices, and bank statements related to your business. This includes details of any business-related purchases, sales, and tax documents. Proper record-keeping is essential for accurate tax filings.
Yes, as a sole trader, you can claim a wide range of business expenses to reduce your taxable profit. These may include costs for materials, office supplies, and business travel. It's important to ensure that the expenses are wholly and exclusively for business purposes and you keep proper records and receipts to support your claims.
A sole trader is personally liable for business debts with ease of access, while a limited company offers liability protection and has a separate legal identity.