
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

LFR Accounting
Accountancy and taxation services

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
Frequently asked questions
What services do accountants for sole traders typically provide?
Accountants for sole traders usually offer a range of services including preparing and filing your Self Assessment tax return, bookkeeping, VAT returns, and tax planning. They can also advise on allowable expenses, help with HMRC correspondence, and provide general business advice. Many also offer payroll services if you employ staff, and they can assist with cash flow forecasting and budgeting to help your business grow.
How often should I contact my accountant as a sole trader?
It is a good idea to stay in regular contact with your accountant throughout the year, not just at tax return time. Many sole traders speak with their accountant quarterly to review their financial position, discuss any changes income or expenses, and plan for upcoming tax payments. Regular communication helps ensure you are always prepared and can take advantage of any tax-saving opportunities that arise.
What qualifications should I look for in an accountant?
Look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has undergone extensive training, follows a strict code of ethics, and keeps up to date with changes in tax law. Using a qualified professional also gives you access to their expertise and ensures they are regulated, providing you with greater confidence and protection.
Can an accountant help me if I am not yet VAT registered?
Yes, an accountant can help you decide whether voluntary VAT registration is beneficial for your business. They can explain the thresholds for compulsory registration, advise on the different VAT schemes available, and help you complete the registration process. If you do register, they will assist with preparing and submitting your VAT returns to HMRC, ensuring you remain compliant and avoid penalties.
What records do I need to keep for my accountant?
You should keep records of all your business income and expenses, including invoices, receipts, bank statements, and records of any personal money used in the business. If you have a vehicle used for business, keep a mileage log. Your accountant will need these records to prepare accurate accounts and your tax return. Using accounting software can make this easier and help you stay organised throughout the year.
How much does it cost to hire an accountant for a sole trader?
The cost of hiring an accountant for a sole trader varies depending on the complexity of your finances and the level of service you require. Some accountants charge a fixed fee for a standard tax return, while others charge an hourly rate or a monthly subscription for ongoing support. It is worth comparing quotes from different firms to find one that fits your budget and offers the services you need.
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