Bookkeeping For Sole Traders

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Accounting Services That Make Business Sense

Our expert bookkeeping services for sole traders removes the burden of keeping financial records

At The Business Bookkeeper, we recognise how difficult and daunting it is to juggle all the financial duties while managing your business. We have services aimed specifically at meeting the needs of sole traders, and we’ll take care of all your accounting and taxation requirements. We’ll keep accurate records of your sales and expenses on a regular basis, making sure you take advantage of any benefits and reliefs available to you. We’ll produce your year-end accounts, providing a picture of how your business is doing. And as part of our service, we’ll help with registering your business with HMRC, prepare and file your self-assessment tax return, and offer ongoing support and assistance for the future. We’ll also regularly review your business to see whether it’s operating in the most tax efficient way. View our sole trader packages below.

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Essential

This option is best for those business owners who are simply looking to get the basic entries done to ensure being compliant with HM Revenue and Customs.

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Comprehensive

This is our most popular option because you get valuable reports to help you manage your business, general advice and we’ll set up your financial dashboard so you have all your key numbers to hand all the time.

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Premium

This is the best option for busy business owners who want the maximum out of their complete bookkeeping system and have access to the key metrics so they can make the best business decisions based on the best quality information.

Features Essential
From
£ 97p/m
Comprehensive
From
£ 167p/m
Premium
From
£ 267p/m
Supply of cloud accounting software what's this?
Free
Free
Free
Supply of your paperless expense and receipt processing system what's this?
Free
Free
Free
Financial dashboard what's this?
Posting all business bank transactions what's this?
Posting purchase invoices, expenses and cash transactions what's this?
Credit card transactions and reconciliations what's this?
Completing payroll journals what's this?
Making adjustments for any foreign currency transactions what's this?
Completing the bank reconciliations what's this?
Debtor monitoring what's this?
Precision accounting with accruals and prepayments what's this?
Basic Management Reporting what's this?
Completing the sales and purchase ledger reconciliations what's this?
Email and telephone support what's this?
Completing the VAT reconciliation what's this?
Completion of VAT returns what's this?
Maximise your tax deductions what's this?
Expense monitoring and advice what's this?
3 5
Full management reporting what's this?
Completion of annual accounts what's this?
Maintaining your fixed asset register what's this?
Quarterly Business review meeting what's this?
Enhanced credit control what's this?
Your holistic cloud accounting system what's this?
KPI monitoring what's this?
3
Year End Pack for Accountant what's this?
Optional Add-ons Essential Comprehensive Premium
Invoicing what's this? POA POA POA
Self-Assessment Tax Return what's this? POA POA POA
Supplier & staff payments (monthly) what's this? POA POA POA
Monthly or quarterly cash flow forecasting what's this? POA POA POA
Cloud accounting software set-up what's this? POA POA POA
Managed payroll what's this? POA POA POA
Auto-enrolment set-up what's this? POA POA POA
CIS service what's this? POA POA POA
Features
Essential
From
£ 97p/m
Comprehensive
From
£ 167p/m
Premium
From
£ 267p/m
Supply of cloud accounting software what's this?
Essential
Free
Comprehensive
Free
Premium
Free
Supply of your paperless expense and receipt processing system what's this?
Essential
Free
Comprehensive
Free
Premium
Free
Financial dashboard what's this?
Essential
Comprehensive
Premium
Posting all business bank transactions what's this?
Essential
Comprehensive
Premium
Posting purchase invoices, expenses and cash transactions what's this?
Essential
Comprehensive
Premium
Credit card transactions and reconciliations what's this?
Essential
Comprehensive
Premium
Completing payroll journals what's this?
Essential
Comprehensive
Premium
Making adjustments for any foreign currency transactions what's this?
Essential
Comprehensive
Premium
Completing the bank reconciliations what's this?
Essential
Comprehensive
Premium
Debtor monitoring what's this?
Essential
Comprehensive
Premium
Precision accounting with accruals and prepayments what's this?
Essential
Comprehensive
Premium
Basic Management Reporting what's this?
Essential
Comprehensive
Premium
Completing the sales and purchase ledger reconciliations what's this?
Essential
Comprehensive
Premium
Email and telephone support what's this?
Essential
Comprehensive
Premium
Completing the VAT reconciliation what's this?
Essential
Comprehensive
Premium
Completion of VAT returns what's this?
Essential
Comprehensive
Premium
Maximise your tax deductions what's this?
Essential
Comprehensive
Premium
Expense monitoring and advice what's this?
Essential
Comprehensive
3
Premium
5
Full management reporting what's this?
Essential
Comprehensive
Premium
Completion of annual accounts what's this?
Essential
Comprehensive
Premium
Maintaining your fixed asset register what's this?
Essential
Comprehensive
Premium
Quarterly Business review meeting what's this?
Essential
Comprehensive
Premium
Enhanced credit control what's this?
Essential
Comprehensive
Premium
Your holistic cloud accounting system what's this?
Essential
Comprehensive
Premium
KPI monitoring what's this?
Essential
Comprehensive
Premium
3
Year End Pack for Accountant what's this?
Essential
Comprehensive
Premium
Optional Add-ons
Essential
Comprehensive
Premium
Invoicing what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Self-Assessment Tax Return what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Supplier & staff payments (monthly) what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Monthly or quarterly cash flow forecasting what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Cloud accounting software set-up what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Managed payroll what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Auto-enrolment set-up what's this?
Essential
POA
Comprehensive
POA
Premium
POA
CIS service what's this?
Essential
POA
Comprehensive
POA
Premium
POA

Friendly, Affordable Business Support For Sole Traders

Bookkeeping Services That Make Perfect Business Sense

Sole trading is the easiest, cheapest and least formal way in which to set up in business as well as manage that business. As a sole trader, you run a business as an individual, make all decisions affecting the business and own all the assets of the business personally, meaning a sole trader keeps all the profits of the business after the relevant tax has been paid. Operating as a sole trader means having sole responsibility for the business. It does not, however, mean that the sole trader has to work alone, many choose to work alone but sole traders can, and often do, take on staff.

As a sole trader, you are personally liable without limit for any debts and contracts the business has, and from a legal point of view, there is no difference between the business and the individual. This means that as a sole trader your personal assets are at risk if the business fails to pay its creditors.

Don’t risk losing your personal assets! Take advantage of our bookkeeping services so we can share our knowledge and experience of tackling the financial challenges faced by sole traders.

Setting up business as a sole trader for the first time?  Struggling to get your head around sole trader taxation? You will not be alone.  Even years down the line, many sole traders can find it difficult to get all of their figures together to file returns for the HMRC.  However, it is crucial that you make sure you file sole trader tax accurately and on time. Otherwise, you may face fines – and HMRC may take further action against you.

Why not let a team of local, leading sole trader bookkeeping experts help out?  If you are in need of a cheap sole trader bookkeeper, our competitive packages and pricing scale may surprise you.  With our services, you get guaranteed access to a qualified, experienced bookkeeper who knows exactly how to crunch your numbers the right way.

Do I Need Sole Trader Bookkeeping Services?

To begin with, it may be tempting to try and manage your sole trader tax return online on your own.  In fact, it may seem simple. You may even have a good head for figures, meaning that your tax is always going to be a breeze.

But what if you’re growing your business?  You may not have time to manage your financial affairs in as much depth as you’d like.  What’s more, sole trader taxation is only likely to get more complicated the more money you make.  Therefore, it makes perfect sense to look for sole trader bookkeeping specialists who can take care of all of the numbers for you.

Through our online system and cloud service, you’ll be able to upload your records and communicate with our team to make sure your figures are handled in the way you need them to be.  What’s more, our professional, trained and accredited team will make sure your returns are always legally sound and above board. The last thing you will need is for HMRC to spring a surprise visit on you when your bookkeeping is out of sync!  Don’t ever let this happen to you!

What Are the Risks of Not Using a Sole Trader Bookkeeping?

Running your own business carries plenty of risk.  As a sole trader, you are always going to be liable, personally, for the running of your firm.  This means that you will also be responsible for paying taxes, and for making sure that your figures are always up to date and secure.

If you are running your business from home or off your own back, HMRC will make sure to list you as such on their systems.  However, failure to meet with their payment guidelines, or to manage tax effectively, could mean that your business or even personal assets are seized.  Can you really afford to lose your home, car or business premises? Probably not.

Don’t ever take that risk.  Talk to our specialists for sole trader who will make sure you comply with all HMRC regulations to the standards they expect of you.

Our Packages

We understand that no two sole traders are ever going to be the same.  While all traders should be paying tax the same way – on time and in full – it remains to be said that not everyone needs the same level of support from sole trader bookkeeping.

Therefore, we’ve tailored three levels of sole trader software to help you manage your financial affairs.  Through our online cloud software, you’ll have access to a range of tools at each level. Our sole trader tax specialists can then tailor service to your exact needs and standards.  There’s never any room for concern.

Here are the three main packages we offer to sole traders:

Essential

Our Essential package is perfect for sole trader tax returns which require little intervention.  This is our most basic tariff, meaning you will get access to our outsourced, cloud-based bookkeeping.  For enhanced financial reporting and tailored advice on expenses and more, it is well worth considering the next level of subscription.

An Essential sole trader tax service starts at £97 per month.

Comprehensive

Comprehensive is our second-tier package, which is very popular with people who want access to detailed reports, analysis and bookkeeping.  It’s considered the mid-tier in our range. Unlike the Essential package, you’ll have access to a full financial dashboard. This is where you’ll be able to keep all your numbers in check.

What’s more, our sole trader tax specialists will make sure to help you complete annual reports, and will even give you access to tools and advice for VAT purposes.  If your business is growing by the day, it is time you used a Comprehensive package to prepare your financial records for the future.

Our Comprehensive tariff starts at £167 per month.

Premium

Our Premium package, as the name suggests, will give you access to the complete financial dashboard, and all of our sole trader tax return support.  You’ll have access to enhanced credit control advice, key performance indicator monitoring, quarterly business reviews, fixed asset management and more.

The Premium tier is for sole traders who are serious about growth, and who want to entrust their records to a professional bookkeeper who cares.

Our Premium packages start at £267 per month.

Taking Sole Trader Tax Seriously

In addition to our tiered packages, you can also add on invoicing management, cash flow forecasts, cloud setup and full self assessment tax return reviews.  You can completely tailor your package your way.

Whether you are looking for a London sole trader bookkeeper for help with your first year of business, or if you are aiming to grow your firm with the help of a streamlined, professional taxation system, The Business Bookkeeper is here for you.  We understand that keeping track of all your figures – as well as filing them – can be extremely demanding!

Let an expert bookkeeper help you with sole trader bookkeeping services.  Call our team today to learn more, or make sure to use our online service to get started.  Don’t let numbers get in the way!