Sole Traders & the Self-Employed

The essentials, sorted

• Self Assessment prepared and filed early, with every allowable expense claimed
• Bookkeeping: full service, or software set up so you can do it yourself in minutes a week
• VAT monitoring as you approach the £90,000 threshold, and returns once you're past it
• Payments on account explained and, where your income has dropped, reduced

Making Tax Digital changes the game for sole traders

If your gross self-employment income is over £50,000 you're already required to keep digital records and report quarterly; the £30,000 and £20,000 tiers follow in 2027 and 2028. The annual shoebox-to-accountant ritual is ending. We move you onto compliant software and take over the quarterly cycle (see our Making Tax Digital service).

Sole trader or limited company?

The honest answer: it depends on your profit level, your risk, your customers and your plans, and the crossover point moves as tax rates change. We'll run your actual numbers through both structures and give you a recommendation with the working shown. If staying a sole trader is right, we'll tell you that too.