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.
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.
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.
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:
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.
Time-saving Features
Account-Ease automates tedious tasks like data entry and bank reconciliation, allowing you to spend more time focusing on your business
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
Contuct us
Sole Traders
- Monthly
- Annually
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
Get Started A Free Trail
*
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
Get Started A Free Trail
*
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
Get Started A Free Trail
*
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
Get Started A Free Trail
*
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
Get Started A Free Trail
*
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
Get Started A Free Trail
*
Additional Services
VAT Return Services
A VAT return is a form that a company must file with HMRC, usually every three months. A complete ...
Bookkeeping Services
Bookkeeping is the process through which you can keep a record of your financial transactions. We can help you ...
Self-Assessment
Self-Assessments in UK can strike fear into freelancers, contractors and company directors alike. Once the new tax year starts, ...
WHAT OUR CLIENTS SAY
Makes running my business possible – I do not need to worry about my accounts or bookkeeping needs.
Mohammed Jamil
Small Business Owner
Was looking for a good affordable accountant. Team at Account-ease are wonderful and very helpful.
Neil Johnson
Contractor
It has been a stressful year. Had to submit my tax return. Got in touch with Account-Ease and they got this done very quickly.
Ms Lyner
Fashion Designing
I work 10 hours day work shift and have limited time to check on my tax filing. Contacted Account-Ease, now me and a few of my colleagues have employed their ...
Alex Williams
Taxi Service
As a small business we needed a good bookkeeper and accountant. We got in touch and now all my accounting and bookkeeping is being managed as I wanted.
Infosystems Director
