Who we help

Accountants for Sole Traders

Simple, fixed-fee accounting and Self Assessment support for sole traders and the self-employed in Newcastle and the North East.

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Overview

Accountancy support for sole traders

As a sole trader, you and the business are one and the same, so your personal and business finances are closely linked. We keep things simple for you: accurate records, a correct Self Assessment return, and clear advice on the decisions that matter, including whether and when setting up a limited company might be worth it.

The challenges

Challenges sole traders face

Knowing which expenses are allowable
Setting money aside for tax and payments on account
Keeping records that satisfy HMRC
Deciding whether to register for VAT or go limited
Finding time for the admin alongside the work

What you need

The services that matter most

Self Assessment

Self Assessment returns prepared, checked and filed with HMRC before the deadline.

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Bookkeeping

Reliable bookkeeping that keeps your records accurate, current and MTD-ready.

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Business Start-Up

Everything a new business needs to start on the right footing, from structure to systems.

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Our approach

How we help sole traders

We look after your bookkeeping, or support the records you keep yourself, prepare and file your Self Assessment, and make sure you claim everything you are entitled to. We also keep an eye on the bigger picture and let you know when a change of structure or VAT registration could work in your favour.

Benefits

What you can expect

A correct, on-time tax return
No missed expenses or allowances
A clear figure to set aside for tax
Advice on the right structure as you grow

FAQs

Questions sole traders often ask

Do I need an accountant as a sole trader?

You are not legally required to have one, but a good accountant usually saves time, reduces the risk of errors and often more than pays for themselves through correctly claimed expenses and sensible planning.

When should a sole trader become a limited company?

It depends on your profits, plans and attitude to admin and risk. We model the difference for your situation and advise when incorporating is likely to benefit you.