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Sole Trader Accountants
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Hiring a chartered accountant in UK is now easy with Experlu. Whatever service you need, whether it is for your eCommerce business or property management, whether you are looking for an affordable small accounting practice or an established accounting firm, our team will find verified matching accountants. Register to see the benefits!
Compare quotes and proposals of local and remote bookkeepers in UK for Free on Experlu. Post your enquiry, and we'll get customised quotes from the top 3 bookkeepers in your area fast and free. From meticulous record-keeping to tax submissions, stay in control of finances with reliable and verified bookkeeping services.
Find an expert tax accountant in UK with specialist knowledge about different industries' tax compliance on Experlu. From self-assessment filling to cross-border tax compliance to specialist HMRC tax investigations, we can help you hire experts for specific services in 48 hours.
Pick and onboard some of the best UK auditors in 2 days, specialised in providing a wide range of auditing services to businesses, including statutory and non-statutory audits, internal audits, and due diligence. We are perfect for companies and institutional investors looking for niche-specific experts quickly.
Efficient payroll services in UK ensure accurate calculations, timely payments & RTI submissions, and compliance, and happy employees. We leverage our professional network of payroll accountants in UK to help you find and hire payroll experts quickly. Let us do the legwork for what truly matters – growing your business with happy employees.
Start your entrepreneurial journey with confidence by incorporating your business in UK. Achieve this by finding and hiring the right accounting partner through Experlu to handle all the legal complexities, ensuring seamless registration, compliance, and a robust foundation for your success.
Hire The Best Fit in Just 2 Days!
Experlu will match you with Accountant, Auditor, Bookkeeper and Tax advisor that fit your requirement within 2 days.
Sometimes, our expert team can match profiles on the same day.
Other Platforms Vs Experlu
Over reliance on recommendations and search engine rankings
You call family, friends, search google and send call requests to multiple Expertsfound on search engine's first page .
Intelligent Matchmaking Platform
You sign-up & share your requirements, business details, budget and timelines.
Wasting Time Interviewing Unverified Talent
Scouring through multiple websites & interviewing multiple service providers, wasting time & resources.
Experlu will Find the Best 3 Matches
Let experts come to you.. 100% Profile Matching ensures you need only one round of interview to select the best among the 3.
Once you request for a fee quote, there is no guarantee that they will accept you as a client, delaying your project.
Get Started Immediately
All proposals are there on a single platform. Compare, chat, talk and hire instantly.
6 Reasons Why Experlu Outperforms Others to Get You the Best Sole Trader Accountants
First-Hand Access to Accounting Wizards
Remove the painful hassle of interviewing questionable quotes. Gain access to a select group of qualified, verified accountants in UK with a rich background in business accounting ranging from 3 to 15 years. Take charge of your business with a sense of assurance and capitalise on opportunities without apprehension.
Completely FREE Service. You Get to Call the Shots!
Use our platform to post as many job enquiries, absolutely FREE—no need to pay for lead qualification or the selection process. You're the boss - reject proposals hassle-free.
Our Accountant Verification Process is Quite Solid
Work with accountants who are genuinely invested in your business. Every candidate associated with us undergoes a rigorous evaluation process, so we can know how serious they are. Rest assured, you'll only get verified accountants – no half-hearted connections here.
For B2B, B2C, and Personal Accounting Needs
We're here to serve all accounting needs. Whether you're looking for a new startup accountant to keep the books tidy or a corporate accountant to tackle the big league, we can help. From individuals to startups to established businesses, we're your partner in finding the right experts to handle your unique demands.
Extraordinarily Easy, Saving Your Time and Sanity
It takes less than a minute to complete our questionnaire and get started, unlike the 2 -3 weeks-long traditional approach. You will be accompanied by our expert from start to finish. We will personally do the legwork so you can save your time, effort, and sanity.
Remarkable Benefits for Our Registered Members
Our registered members occasionally receive special treats – a 10% discount on switching accountants, gift vouchers, a 10% discount on the accountant fees in the first year, first-hand access to the latest insights into accounting, and a personal dashboard to manage your data.
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Experlu Business Consultant
What does a Sole Trader Accountant do?
Finding a suitable Sole trader accountants for your business is a critical but time-consuming process. We solve this problem by sending you three customised proposals.
- Tell us your specific needs
We'll help you find a Sole trader accountant according to your requirements. So, help us refine your search by telling us your specific requirements, and we'll connect you with Sole trader accountants to help you.
- Receive 3 free quotes
You'll receive three quotes from professional Sole trader accountants from our network and get quick notifications via email and messages. At Experlu, we make sure we do the leg work for you!
- Choose your auditor
Pick from some of the best Sole trader accountant in the UK. With easy access to reviews or ratings and direct contact with accounting firms, you can be confident with your choice.
Are you running your business as a sole trader but facing the downside since there is no legal distinction between you and your business?
The creditors have the right to acquire your assets if there is any outstanding bill. Being a sole trader also makes you trapped in personal financial risks where you don't know how to manage your debts and tax affairs. In this situation, hiring an accountant is an ideal choice.
Due to the specialisation and expertise of the accountants, they can find their way around the complex UK tax system. They ensure that you are making full use of tax reliefs and allowances that you are entitled to.
Thus, a sole trader accountant ensures you manage your expenses effectively and efficiently. Connect with Experlu to receive insights and value through professional accounting services rather than slogging through heaps of paper.
Call Experlu today to get connected with a proficient accountant!
Save your time, money and effort with expert accounting services. With years of expertise, Experlu knows how to make your financial responsibilities stress-free. Here's why you must hire a sole trader accountant:
- They will advise whether the sole trader is the most optimal way to operate a business, company, or partnership.
- The sole trader accountant will ensure you claim every expense incurred, benefiting you from the tax relief.
- They immediately offer real-time information from their expertise for automating your bookkeeping and accounting tasks.
- An accountant ensures you are 100% compliant with UK legislation and laws, letting you run your business without legal distress.
- Additionally, an accountant will help you save time to focus more on running your business, thereby reducing stress.
You can receive anything you require with our all-inclusive, moderately priced service.
Why hire from us?
We assist you in receiving thorough guidance. As a result, you benefit greatly because a single conversation can draw on several of our areas of expertise.
- By connecting you to a suitable accountant, we help you achieve your personal and business objectives by reducing risks, minimising tax liabilities and improving efficiency.
- Your accountant will guide you through every step, from financial planning to achieve your goals. With our comprehensive support, you'll unlock the full potential of your business.
- We supervise the entire matchmaking process, and you will get atleast 3 fee quotes from our experts.
With Experlu, you get hands-on assistance, monthly reports, and the assurance that everything is in order.
Experlu nurtures the relationship between you and your accounting buddy throughout. Our support believes in giving a full-proof resolution with the least turnaround time. In the first stage, we offer a single-step resolution, but if you need further help, we offer live calls and e-mail support.
Looking for a reliable bookkeeper near me?
Are you looking for a bookkeeper for the first time and don't know where to begin? Let Experlu research for you. Tell us about your project, and we'll offer you a selection of various Bookkeepers to consider.
We assist clients in locating bookkeeping and accounting services so that their tax affairs are in order and they don't have to waste time filling out tax returns and forms.
What is a sole trader?
As a sole trader, you and the business are regarded as one entity, which means that you are solely responsible for your business profits, losses, and any legal issues. Additionally, you are responsible for managing most of your business aspects, including keeping records and ensuring the business's success.
How much can a sole trader earn before paying tax?
In the UK, a sole trader's income before paying tax is based on various factors, including age and the type of business they operate.
For the tax year 2022-2023, the personal allowance is £12,570. This states that a sole trader can earn up to this amount without paying income tax.
It is essential to remember that while sole traders may not have to pay income tax on their earnings up to the personal allowance, they might still need to pay NI contributions on their profits.
How much does it cost to set up as a sole trader?
You can call HMRC on 0300 200 3300 to register as a sole trader. It is entirely free.
However, additional costs may apply, like insurance, any licenses and certifications, websites, business cards, marketing, rent and business rates, if you operate from an office or other business expenses.
Can a sole trader have employees?
Yes, sole traders can employ individuals.
If you're a sole trader and want to employ individuals, you must register with HMRC as an employer by submitting a PAYE registration form. The process is the same for a company too.
Many sole traders hire employees, but you should know the differences between freelancers, employees, and workers because each has unique legal responsibilities. The HMRC official website states the differences between employment statuses.
What accounts should businesses need to keep as sole trader?
Maintaining a record of your income and expenses is essential and preserving them for five years from the tax submission date of 31st January is necessary. These records should include:
- Business income – All the earnings you receive for your sales and services as a sole trader
- Personal income – Any earnings you receive from other sources, like investments and property, which may impact the tax you pay.
- Expenditure – Payments for the products/service you need to run your business efficiently.
- VAT records – If your turnover exceeds the VAT threshold, you must register for VAT and keep records for at least six years.
- PAYE records – Sole traders can hire employees without setting up limited companies, and you will have to maintain a record of earnings through HMRC's PAYE system.
- Grants – Any income you get from grants.
How does a sole trader accountant help in invoicing customers?
A sole trader accountant can be an excellent resource for invoicing clients. An accountant can help create invoices by ensuring they are precise and contain all relevant information, including the date, amount, and payment terms. In addition, an accountant can assist in automating the invoicing by establishing an effective system that can simplify the procedure and save time.
A financial expert can also assist with managing the collection of client payments, including following up on previous invoices and, if necessary, establishing payment plans. They can also ensure that invoicing and payment processes adhere to relevant laws, lowering the risk of legal problems or penalties.
How can a sole trader accountant help businesses in claiming expenses?
One of the significant ways a sole trader accountant can help is by identifying tax-deductible expenses and allowances. A sole trader accountant can ensure that payments are reported effectively and precisely, maximising the benefits for the business by offering expertise and guidance.
An accountant can evaluate your business's operations and advise which costs are deductible under applicable tax laws and regulations. This can help guarantee that you only deduct allowable expenses and prevent potential legal problems.
What should you look for in a sole trader accountant?
When seeking a sole trader accountant, prioritise expertise in sole trader business intricacies, relevant qualifications, and effective communication. Trustworthiness, cost-effectiveness, and proficiency in modern accounting technology are vital.
Look for personalised service, proactive guidance, and accessibility for consultations. Compatibility is essential for a fruitful working relationship.
Can I use accounting software as a sole trader?
Numerous sole traders use accounting systems to optimise bookkeeping and ensure that their financial information is reliable and up-to-date.
There are several options for accounting software, ranging from simple software designed for sole proprietors to more complex solutions for bigger companies. Sole proprietors can track their earnings and spending, make invoices, and create financial reports using accounting software. Compared to manual bookkeeping, this can save time and lower the chance of errors.