Accounting for
Sole Traders

Operating as a sole trader is very popular and brings with it numerous benefits and perks. There are duties and responsibilities that must be met for a business to operate cost effectively and tax efficiently, and that's why we're here to help with accounting for sole traders!
Based on 85 reviews
powered by Google
Dedicated Client manager


Get a quick quote from our simple quote engine
Accountants for Freelancers


Make sure you’re on the right service level for you
join QAccounting

Sign Up

Fill out our short online sign-up form to join us
Industry Expert Accountants


Enjoy hassle-free accounting from industry experts

Sole Trader Accounting Services

Whether you require ongoing bookkeeping to submit your accounts at the end of the year, or a simple self-assessment tax return, appointing an accountant to assist with your accounting requirements is a very effective way of operating successfully and compliantly when self-employed.

We at QAccounting offer specialist accounting services for sole traders working in almost any industry and offer tailored support to ensure that your tax deadlines and accounting requirements are met.

Sole Trader Specialists

Regardless of whether you're a tradesman, run a hairdresser, or work in IT, QAccounting has the right accountancy solution for you. Our sole trader accounting services are tailored for people like you, and we have experience and expertise in supporting sole traders up and down the country.

Why Choose QAccounting for your Sole Trader Accounting?

accounting for startups


Choosing QAccounting means choosing an accountant that offers the kind of flexibility you need as a sole trader. Whether you require a simple one-off service or a more in-depth ongoing solution, QAccounting has the right service level for you. Don’t tie yourself down to something you don’t need or that doesn’t fit, instead pick and choose what you need depending on your sole trader accounting requirements.

Personal Touch

We are an established online accountancy provider and have been operating for over 2 decades, offering support and guidance to sole traders. Despite this, we still believe in that personal, one-on-one service. We offer all clients a dedicated Client Manager and accountant for those that require a more individual service, giving clients the option to get to know us and us get to know you and your business very well.


Why even appoint an accountant? Do I really need an accounting provider when I’m a sole trader? The answer to this is quite simple, are you willing to perform your accounting requirements yourself? Do you want the added hassle and stress caused by trying to manage your books on your own? Anything from submitting your self-assessment to maintaining your books on a month-by-month basis can be performed by your accountant, and here at QAccounting we can take that hassle away from you, leaving you free to concentrate on what you do best.

Freelancer Accounting Services

Self-Assessment Tax Return

Anyone earning an income as a self-employed sole trader is required to perform and submit a self-assessment tax return (personal tax return) once a year. Your annual self-assessment accounts for all income generated throughout the year and calculates your tax liability to HMRC. QAccounting can perform your self-assessment tax return for you, helping calculate your income, expenditure, and taxes in a timely manner to be completed and submitted by the deadline set by HMRC. Let QAccounting help you when it comes to Self-Assessment Tax Return deadline season!

Freelancer Accounting Services

Expertise & Experience

We at QAccounting have been supporting sole traders like you for over 20 years, assisting in all things accounting and tax, making the lives of the self-employed easier. We operate via 2 offices in the UK and bring with us a wide range of experience and expertise. From award-winning software to renowned knowledge and know-how, choosing QAccounting as your sole trader accountant means choosing a trusted service provider that puts the needs of its customers front and centre.

Low-Cost Accounting

Do you know why our customers love us? Yes, we provide valuable guidance and support for their businesses, but also, our prices are competitive, and our fixed monthly fees are highly reasonable. Having an accountant who is transparent and upfront about fees and costs is very important as it means you won’t be hit with any hidden fees or unexpected surprises throughout the year. At QAccounting, we offer fixed fee services where our clients agree on a monthly fee upfront. We are among the best premiums we’ve found on the market for sole trader accounting.

Should you be a Limited Company or a Sole Trader?

The question of whether you should be operating as a Limited Company, or a Sole Trader is very important and depends on several factors. Both means of operating can bring with them their own benefits depending on things like your working circumstances, your income, the work you carry out etc. Get a quote from QAccounting today and see whether you would be better off working as a Limited Company or a Sole Trader.

IR35 Contract Reviews

Make your Sole Trader Accounting Simple with QAccounting


Don’t go it alone! QAccounting can take care of your accounting and taxation responsibilities providing you the freedom to concentrate on what is most important to you and your business.

Taking the leap into becoming self-employed can be a very daunting and intimidating undertaking. Becoming a sole trader from a previous period of employment brings with it various responsibilities and duties that wouldn’t otherwise apply. Going from a fixed income to contract-based work or project work can cause influxes of income and even periods of financial drought. It is in these cases that having an accountant onside will help massively with your duties as a sole trader, your accounting responsibilities being the most important.

There are however many advantages to ‘doing it yourself’, the allure of being your own boss and having the freedom to pick and choose work as you please being a primary draw of becoming a sole trader. We at QAccounting want to work with you as you navigate the role of a sole trader and will help in every way we can to ease the responsibility of your taxes, your finances and bookkeeping, making your sole trader journey as simple as possible.

Attempting to take care of your own accounts can be a huge challenge to sole traders, and ensuring that you keep afloat in an ocean of receipts, invoices, letters from HMRC, and transactions can be the stuff of nightmares. Always remember, being your own boss also means that the buck stops with you, and although there are many benefits to working for yourself, you also take on all elements of responsibility yourself. It is because of this that hiring an accounting provider such as QAccounting can be so beneficial, as we will help in all accounting-related ways to make the running of your business as easy as possible.

It doesn’t matter what industry you are operating in. As a sole trader here at QAccounting, we can offer expert services from our dedicated team of client managers, VAT experts, accountants, business consultants and wealth management partners. We cover everything when it comes to accounting for sole traders. Whether you require someone to handle your bookkeeping for you, access to award-winning software platform Xero, or simply assistance when preparing and submitting a personal tax return, QAccounting has you covered. There are many ways in which you can join QAccounting. Our fixed fee services are tailored to you and the way your business works.

What Is IR35?

If you ever need to speak to a member of our team, we are all available 5 days a week. We have done away with complicated spreadsheets, long-winded switchboards, and confusing call centres. We give our clients access to a dedicated team of Client Managers and accountants directly, meaning that you will always deal with your dedicated team member to assist with what matters most, your business.

Our ethos is to make accounting simple, and we work hard with all our customers to ensure that they operate as effectively as they can in the most simple and seamless way. Please get in touch with us if you want an easy-to-understand conversation or access to our expert team.

Fixed-Fee Freelancer Accountancy

Over 20 Years Experience

It's true, we're certainly not the new kids on the block, but we've been supporting sole traders like you for over 2 decades and boast unparalleled experience and expertise in sole trader accountancy. We invite anyone operating as a sole trader to get a non-obligation quote from us today. It's quick and easy!

Sole Trader Accounts for One Low Monthly Fee



Why should you trust QAccounting with your accounts? Well, we have twenty years experience and have hundreds of 5 star reviews.



Make sure that your business is operating cost effectively and tax efficiently. Compliance is key in running a successful business.



We believe in good systems, expert accountants and that good old fashioned personal touch!



We are an established sole trader accountant with recognised expertise in accountancy and tax services.

Frequently Asked Questions

Although there is no legal requirement for a sole trader to appoint an accountancy provider, it is common that someone operating as a sole trader has an accountant in place to ensure that their bookkeeping is performed correctly, and their taxes are paid on time. It is possible for a sole trader to perform their own bookkeeping and annual self-assessment tax return but having an accountant in place gives you the peace of mind that your business is being accounted for correctly, and you miss no deadlines with HMRC.

QAccounting offers accounting services to sole traders, from a one-off self-assessment to ongoing bookkeeping and accounting support.

The cost of sole trader accounts depends on what services you would like an accountant to carry out. A good accountant should be transparent about their fees from the outset to ensure that you are not hit with any hidden costs throughout the year.

We at QAccounting offer services to sole traders for very competitive premiums. You can choose a one-off service such as an accounting consultation or self-assessment filing, or you can utilise our ongoing services and even access to Xero bookkeeping software.

A sole trader is required to perform an annual self-assessment that must be prepared correctly and filed on time with HMRC. The self-assessment tax return will account for all income and profit made throughout the year and will also incorporate any expenses incurred and fees accrued. It is important for a sole trader to keep bookkeeping records throughout the year when it comes to the filing of their sole trader tax return.

We believe in keeping accounting simple, and we believe that any sole trader who appoints an accountant shouldn’t have to worry about their tax deadlines and day-to-day accounting. That’s what your accountant is for! Here at QAccounting, we specialise in making the lives of sole traders simpler, and our services have been designed specifically with sole traders in mind. We can offer one-off service or low-cost monthly solutions for any self-employed professional operating as a sole trader. Get a quote today, or feel free to contact our team of trained accounting consultants.

Of course! We can make it very simple for you to switch your business entity from a Sole Trader to a Limited Company. Should you wish to set up a company and switch from operating as a sole trader to a limited company, then we can ensure that this transition happens swiftly and seamlessly. We can assist in the set up of an LTD Company, we can perform full tax registration for you, and we can even help set up a business bank account. On an ongoing basis, we can support your business’ day-to-day accounting and bookkeeping, making your transition from sole trader to Limited Company as easy as possible.

You can submit your sole trader self-assessment tax return directly with HMRC online. You will need to have previously registered for sole trader self-assessment and must have your unique tax reference (UTR) number to log in and submit your return. Your self-assessment must be correct, and you will be required to declare all your income, as well as expenses and profits earned throughout that tax year. As an accounting provider, we can assist you in making sure your self-assessment is correct and is submitted on time. If you have any questions about self-assessment filing or would like a quote for us to perform your self-assessment, please let us know.

A sole trader is not legally required to set up a separate business bank account for their sole trader business. Despite this, setting up a separate bank account for your business is essential for bookkeeping purposes and can help when it comes to accounting for your own finances throughout the year.

The question of whether you would be better off as a limited company or a sole trader depends on numerous factors. The projected income can dictate what would be more cost-effective, as often, a higher income attracts a better take-home pay from working as a limited company. There are benefits of operating as a sole trader as opposed to setting up a limited company, many of which we have explored above. If you are wondering what avenue would be best for you to go down, then we would be very happy to discuss this with you directly. Feel free to contact our helpful team, who will assist you in making the right decision.

We're Here to Help

Sole trader accounts are our specialty! Get in touch today to discuss how we can help you and your business.

Accounting Packages

Ask a Question

Chat with a member of our team right now!


Speak to Us

Give us a call today!


Get a Quote

Get a quick quote immediately!