Sole trader tax,
kept simple all year.

We keep your books up to date, send your quarterly Making Tax Digital updates and prepare your annual tax return from the same records, so you always know what you'll owe.

Sole Trader Essential & Plus

What's included

Covered by your fixed fee.

Preparing your business accounts, on the cash basis unless another basis suits you better
Helping you sign up for Making Tax Digital for Income Tax
Keeping digital records that meet MTD rules
Sending your quarterly updates to HMRC once you've approved them
Preparing your annual Self Assessment return, including your business profits and any interest you've earned, and filing it once you've approved it
Calculating your income tax and National Insurance, and telling you how much to pay and when, including payments on account
Checking HMRC's calculation, and claiming back any tax you've overpaid

Real time

No tax bill surprises

Because your books are current, your tax position is visible throughout the year, so you can put money aside as you go.

Your quarterly updates come straight from your books, and your annual return builds on them. Nothing is done twice.

Low touch

What we need from you.

Upload receipts and invoices when your portal asks for them
Log your business journeys. The mileage tool in your portal makes this easy
Check and approve your quarterly updates and your annual return
Pass on any letters from HMRC so we can deal with them in time

Good to know

Outside the fixed fee.

This service covers your business income and any interest you earn. Other income or gains, such as property income or capital gains, aren't covered, so it's worth mentioning when you get your quote.

Amended returns and dealing with an HMRC enquiry into your return sit outside the fixed fee.

If you ever need something outside the fixed fee, we'll agree the price with you before we start. No surprise invoices.

FAQs

Common questions.

Does Making Tax Digital for Income Tax apply to me?

It's being introduced in stages based on your income, and we'll tell you when it applies to you. When it does, we'll help you sign up and take care of the quarterly updates.

Which sole trader package is right for me?

Both include your bookkeeping, your quarterly MTD updates, your annual Self Assessment return and access to your client portal, for one fixed monthly fee. Sole Trader Essential is £49 a month for up to 50 transactions a month. Sole Trader Plus is £79 a month for up to 150 transactions a month, and is the one to choose if you need payroll or the detailed financials view.