Accounting for Sole Traders
Running your business is your job. Keeping the accounts under control can be ours.
Being self-employed gives you freedom — but it also comes with bookkeeping, tax, deadlines and increasingly digital reporting requirements.
We provide simple, straightforward online accounting for sole traders across the UK.
Whether you've just started your business, need help with your Self Assessment or want someone to manage your bookkeeping throughout the year, we're here to make accounting easier.
Making Tax Digital is changing Self Assessments
The once-a-year approach to accounting is changing.
Making Tax Digital for Income Tax is being introduced in stages for qualifying sole traders and landlords.
Instead of dealing with your business records only at the end of the tax year, those affected will need to maintain digital records and submit information to HMRC using compatible software throughout the year.
If you're unsure whether Making Tax Digital applies to you, we'll help you understand what you need to do and when.
And if it does apply, we can help manage the process for you.
Quarterly Tax Returns are coming!
For many sole traders, accounting means gathering everything together once a year and hoping there's enough money in the bank to pay the tax bill.
We think there's a better way.
Keeping your accounts up to date throughout the year means you can understand:
✓ How much you're earning
✓ What your business is spending
✓ Whether you're actually making a profit
✓ Approximately how much tax you should be saving
✓ Whether your turnover is approaching the VAT threshold
✓ How your business is performing throughout the year
It also means January doesn't have to become a last-minute panic.
Making Tax Digital doesn't need to be complicated.
We'll help you get set up properly.
Depending on the service you choose, we can help with:
✓ Setting up compatible accounting software
✓ Moving your bookkeeping online
✓ Keeping digital records
✓ Reviewing and reconciling transactions
✓ Quarterly MTD submissions
✓ Year-end information
✓ Self Assessment
✓ Tax estimates
✓ Ongoing support
You concentrate on running your business.
We'll concentrate on keeping the accounting organised.
Self Assessment
from £230
per year
Includes:
✓ Self Assessment tax return
✓ Review of your income and expenses
✓ Tax calculation
✓ Submission to HMRC
✓
Simple spreadsheet template for your records
Essential
from £79
per month
Designed for smaller businesses that want to move away from the annual accounting scramble.
Can include:
✓
Accounting software
✓ Digital record keeping
✓ Regular bookkeeping
✓ Tax estimates
✓ Annual Self Assessment
✓ Ongoing support
MTD Complete
from £99
per month
Designed for businesses affected by Making Tax Digital or those that simply want their accounting managed properly throughout the year.
Can include:
✓ Compatible accounting software
✓ Regular bookkeeping
✓ Bank reconciliation
✓ Digital record keeping
✓ Quarterly MTD submissions
✓ Annual Self Assessment
✓ Tax estimates
✓ Ongoing accounting support
Not sure whether Making Tax Digital applies to you?
You're not alone.
We'll look at your circumstances, explain what the changes mean for your business and tell you what you need to do.
No unnecessary jargon.
No scare tactics.
Just a straightforward explanation of what's changing and how we can help.
Know what your tax bill could be before January.
One of the biggest benefits of keeping your accounts up to date is visibility.
Rather than waiting until your tax return has been completed to discover what you owe, regular bookkeeping allows us to provide tax estimates during the year.
That gives you more time to put money aside and reduces the risk of an unpleasant surprise.
Already behind with your bookkeeping?
Don't let it put you off contacting us.
We're used to seeing accounts that need some attention.
Perhaps you've:
• Fallen several months behind
• Mixed business and personal spending
• Got hundreds of unreconciled transactions
• Used accounting software but aren't sure it's correct
• Never kept proper bookkeeping records
• Started preparing for MTD and realised you need help
We can review what you've got and provide a separate quote for bringing your records up to date.
Once everything is sorted, we can manage the bookkeeping going forward.
Who do we work with?
We support sole traders across a wide range of industries, including:
- Beauty therapists and beauticians
- Hairdressers and mobile stylists
- Nail technicians
- Dog groomers and dog walkers
- Tradespeople
- Consultants
- Freelancers
- Online businesses
- Other self-employed professionals
Because our service is cloud-based, you don't need to live near us.
Calculated Accountancy is based in Worcestershire and works with clients throughout the UK.
New to self-employment?
Start properly from day one.
Starting a business can be exciting — but there's a lot to think about.
We can help you understand:
✓ Registering as self-employed
✓ What records you need to keep
✓ Which business expenses you may be able to claim
✓ How much tax to put aside
✓ National Insurance
✓ Accounting software
✓ VAT registration
✓ Making Tax Digital
✓ When your first tax return will be due
Getting things organised at the beginning is much easier than trying to correct them later
Why Calculated Accountancy?
Calculated Accountancy was established in 2020 to provide small businesses with straightforward, approachable accounting support.
We're AAT registered and insured and believe accounting shouldn't be something business owners are afraid to ask questions about.
We'll explain things in plain English and help you understand what's happening with your business finances.
And because everything can be managed remotely, you can work with us wherever you're based in the UK.
Ready to make your accounting easier?
Whether you need a Self Assessment, want someone to take over your bookkeeping or need help preparing for Making Tax Digital, let's talk.
Tell us a little about your business and we'll recommend the most suitable service.
No obligation. No accounting jargon. Just a conversation about what you need.
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