Sole Traders
Are you a freelancer, tradesperson, or an online seller seeking expert accounting support? Do you need an accountant who understands the unique demands of your business? At Digital Accounting, we bring a wealth of experience in providing customised accounting services specifically designed for sole traders. Our team is dedicated to guiding you through the complexities of registering your business, understanding tax obligations, and managing your finances and compliance with confidence. We are committed to building lasting relationships and providing excellent customer service to ensure your long-term financial success.
Professional accounting services for sole traders
At Digital Accounting, we understand the unique challenges faced by sole traders and offer a range of personalised services to help you manage your business finances effectively and efficiently. Our dedicated team is equipped to support you in every aspect of financial management, ensuring that you can focus on running your business.
Our experience spans a diverse range of sectors, including construction, IT, e-commerce, creative services, and consulting, to name a few. This broad expertise allows us to offer relevant, effective advice tailored to the specific needs of sole traders.
Tax Guidance and compliance
We assist with all tax-related matters for sole traders, providing guidance to ensure you understand your obligations and can navigate the complexities of tax compliance with confidence. We handle the preparation and submission of your tax returns, making sure you meet all deadlines and comply with HMRC requirements.
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA)
As the government initiates MTD for Income Tax Self-Assessment, it’s crucial for sole traders to adapt to these new requirements. At Digital Accounting, we specialise in guiding sole traders through these changes efficiently, ensuring that you stay ahead and compliant.
Advisory Services
We regularly review business structure and provide strategic advisory services to determine if transitioning to a limited company could offer greater tax efficiency for you. This assessment is crucial for identifying the most beneficial course of action as your business continues to grow and evolve.
VAT
Understanding and managing VAT can be complex. We can advise on whether you need to register based on your turnover, assist with the registration process, and manage your VAT filing.
Bookkeeping
From maintaining your financial records to utilising modern bookkeeping software, we ensure your financial tracking is hassle-free. This includes technologies that can automate tasks such as chasing invoices when payment deadlines are reached.
Dedicated Accountant
Having a dedicated accountant ensures that your financial affairs are in order, giving you peace of mind and enabling you to build a thriving, successful business. At Digital Accounting, we take the time to understand your business goals, becoming partners committed to your financial success.
Ready to grow your business with the confidence that your accounting is expertly taken care of? Get in touch today to schedule a free consultation with us!