WORK FOR YOURSELF. HAVE SOMEONE ON YOUR SIDE.

Accountants for sole traders and partnerships

From a side venture to your full-time livelihood.

Whether you are turning a hobby into paid work, freelancing alongside a job or running an established business on your own or with partners, we help you keep the accounts organised and understand your tax responsibilities. You get practical support that fits the way you work.

Work with our team in Sussex, Surrey or anywhere across the UK. We agree the work and fees upfront, from help with your tax return to regular bookkeeping and reporting.

Notebook, laptop and glasses on a bright yellow workspace

Four pillars of business support

Accounts and tax returns

We prepare your business figures and Self Assessment return as agreed, review allowable expenses and explain your tax position and payment dates.

Bookkeeping and software

Keep income, expenses and receipts in a practical routine. We help you use suitable accounting software and agree how much bookkeeping you want us to handle.

Making Tax Digital

We check whether MTD for Income Tax applies to you and help with digital records, compatible software and the submissions included in your service.

Advice as you grow

Talk through pricing, cash flow and your next steps. We can review whether remaining a sole trader or moving to a company suits your circumstances.

A side venture or an established business

You might sell something you make, offer a service in your spare time or work for yourself every day. Sole trading can suit both a small venture and a busy business, including one with employees.

If a hobby starts bringing in money, we help you check whether it amounts to trading and what needs to be reported. Calling it a hobby does not automatically make the income tax-free. We look at your activities and circumstances before recommending the right level of support.

Running a business together?

We also support ordinary business partnerships with bookkeeping, partnership accounts and the partnership tax return, alongside the individual partners’ Self Assessment returns as agreed. Each individual partner reports and pays tax on their share of the profits.

We help keep the business figures and personal reporting connected, with clear responsibilities and fees. If you are starting a partnership or changing how you work together, we can talk through the accounting and tax implications.

Why choose sole trading rather than a company?

A simpler way to run your business

Sole trading generally involves less administration than running a limited company. There are no company accounts or confirmation statements to file at Companies House, and you make the business decisions yourself.

It can be a practical starting point when testing an idea or when a company’s additional administration would outweigh its benefits. Tax is based on your taxable profits, not simply the money you withdraw.

Consider the trade-offs

You and the business are not legally separate, so you are personally responsible for its debts. A limited company is a separate legal entity and may offer advantages depending on risk, ownership and future plans, but brings additional duties and costs.

Neither structure is automatically the most tax-efficient. We consider profits, other income, how you use the money and your plans before advising.

Your structure can change as your business develops. We can review your position before you incorporate and explain what the move would involve.

Making Tax Digital, without the confusion

For sole traders, Making Tax Digital for Income Tax is being introduced in stages, based on qualifying income from self-employment and property. If it applies to you, you will need digital records and compatible software for quarterly updates and your tax return, unless exempt.

We check your start date, explain what changes and agree the support you need. You do not need to work through the rules alone.

Partnership reporting follows different rules. We check the position for the partnership and each partner separately, including any other self-employment or property income.

Read our Making Tax Digital guide

Questions about being a sole trader

Yes. You do not need to work for yourself full time to use our support. Tell us about your activities and any other income, and we will discuss what needs reporting and the help that is proportionate to your business.

No. Regularly making or buying things to sell for profit, or providing paid services, may count as trading. Allowances and reporting rules can apply, but the answer depends on your circumstances. We help you check your position.

Yes. We consider your employment income alongside your business figures when preparing your Self Assessment return, so the overall tax position is taken into account.

No. Growth alone does not require you to incorporate. We can compare the practical, tax and liability implications of both structures and review the choice as your circumstances change.

It depends on your qualifying income and circumstances, including any exemption. We check which start date applies and explain the records, software and submissions you need. Our dedicated MTD page covers the timetable.

Yes. Sole traders can be VAT registered and employ staff. We can agree VAT, bookkeeping and payroll support alongside your accounts and tax return.

Fees depend on the work you need, your records and reporting requirements. We agree the scope and fees upfront, with support tailored to your business.

Make working for yourself feel more manageable

Tell us where you are now and what you want from your business. We will explain the accounting support that would help, with clear responsibilities and fees agreed before we start.