At LT Accounting, we recognise that as a sole trader, your business reflects your passion, dedication, and unique vision. Each day, you’re faced with the exhilarating challenge of steering your enterprise towards success, all while managing the intricacies of financial responsibilities. We understand that this balancing act can become overwhelming, especially when your time and energy are best spent on nurturing and expanding your business.

That’s where we come in. Our team of seasoned professionals is dedicated to alleviating the financial pressures that come with being a sole trader. We offer bespoke accounting services designed to fit the specific contours of your business, ensuring that your financial management is not just compliant but optimised for growth. By partnering with us, you can confidently focus on what you do best—driving your business forward—while we take care of the numbers.

LT Accounting supporting a Sole Trader with their accounting requirements.

Accounting for Sole Traders

  • 1
    Personalised Service: We believe in a client-centric approach, ensuring that our services are tailored to meet your specific needs and business goals. We take the time to understand your business, providing solutions that are as unique as your enterprise.
  • 2
    Expert Knowledge: With a team of ACA qualified accountants, we offer expert guidance on UK accounting standards, ensuring your financial management is both compliant and optimised for success.
  • 3

    Advanced Technology: Partnering with leading software like Xero, we provide efficient, accurate, and secure financial management. Our tech-driven approach ensures that your financial data is always up-to-date and accessible.

  • 4
    Transparent Pricing: We offer bespoke pricing based on your specific needs, ensuring transparency and value in every service we provide.

Accounting Services For Sole Traders

Accurate record-keeping is crucial for any business. We handle all your bookkeeping needs, ensuring your financial records are meticulously maintained.

Navigating personal tax returns can be complex. Our team provides comprehensive assistance, ensuring your self-assessment is completed accurately and on time.

If your business is VAT-registered, we offer expert management of your VAT obligations, ensuring compliance with HMRC requirements.

Gain insights into your business’s financial health with our detailed management accounts. We provide the data you need to make informed business decisions.

Let us handle the preparation of your end-of-year financial reports, ensuring accuracy and compliance with all regulatory standards.

Frequently Asked Questions

We offer a comprehensive range of services tailored for sole traders, including bookkeeping, self-assessment tax returns, VAT returns, management accounts, and year-end accounts. Our aim is to provide personalised financial solutions that support your business growth.

Our team of ACA qualified accountants can assist you in preparing and filing your self-assessment tax return accurately and on time. We ensure compliance with HMRC regulations and help you identify potential tax-saving opportunities.

If your turnover exceeds the VAT threshold set by HMRC, you are required to register for VAT. We can help you with the registration process and manage your VAT returns to ensure compliance.

We partner with advanced accounting software like Xero, which provides secure, cloud-based financial management. Your data is protected with industry-standard security measures, ensuring confidentiality and peace of mind.

Absolutely! We offer guidance for new sole traders, helping you set up your financial systems and ensuring you meet all regulatory requirements from the start. Our team is here to support you every step of the way.

Our pricing is bespoke and based on your specific needs. We offer transparent pricing structures, ensuring you receive value for the services you require. Contact us for a free consultation to discuss your needs and receive a tailored quote.

The frequency of meetings depends on your business needs and preferences. We recommend regular check-ins to ensure your financial management is on track, but we’re flexible and can accommodate your schedule.

Yes, we provide management accounts and financial insights that can help you make informed decisions about your business. Our goal is to empower you with the knowledge needed to drive growth and success.

Find Out How We Can Help

Understanding your business is our priority. We offer free consultations to discuss your needs and propose tailored accounting solutions.

It's Simple To Join Us

Request A Consultation Call

Let’s schedule a consultation call where you can discuss your specific requirements, and we’ll outline how our services can support you.

Together We Will Make A Plan

Once we’ve completed our consultation call and all the necessary paperwork is signed, we’ll plan a follow-up call to outline your onboarding process with us.

No More Stress With Your Finances

Initially, there might be a bit of back and forth, but once you’re set up, we take the stress and hassle out of everything. All you’ll need to do is submit your paperwork to us digitally—it’s that straightforward!