Sole Traders

Each year as a sole trader you will need to file your self assessment tax return with HMRC before the filing deadline of 31st January.

Sole Trader Accounts

Personal Tax Return

Incorporate a Sole Trade

  • Sole Trader Accounts
  • Personal Tax Return
  • Stress-free accounting
  • We track your deadlines
  • Avoid Penalties
  • Focus on your business
  • Form a new UK Limited Company
  • Incorporate a Sole Trader
  • We handle all paperwork on your behalf

Accounting for Sole Traders

Each year as a sole trader you will need to file your self assessment tax return with HMRC before the filing deadline of 31st January. 

You will also need to prepare a set of trading accounts that should be attached to your self assessment return in order to support your calculations.

If we are your accountants then we will prepare your sole trading accounts, prepare your self assessment tax return, calculate your taxes and will submit everything to HMRC before any deadlines.

  • Prepare and file your Self Assessment Tax Return
  • Calculate your taxes
  • Avoid deadlines

Bookkeeping for Sole Traders

Since the reporting requirements are lower for sole traders than they are for Limited Companies, you will not necessarily require a bookkeeper for your sole trade business.

You will, however, need to provide us with a breakdown of all income and expenses for your sole trader business.

Depending on the platform(s) that your ecommerce business operates, we may be able to suggest automated software that can provide this data to you.

Converting a Sole Trader into a Limited Company

Sole trading businesses have the option of converting into a Limited Company. This is known as incorporation.

If your business has reached this point then we can work with you to support you through this process.

Sole Traders

Everything to Keep your Sole Trade Compliant

  • Sole Trader Accounts
  • Personal Tax Return
  • Stress-free Accounting
  • HMRC Investigation Support

Incorporating a Sole Trade

Thinking about incorporating? We are here to help!

  • Form a new UK Limited Company
  • Incorporate a Sole Trade
  • We handle all paperwork on your behalf
  • Stress-free

Contact Us

Ecommerce Accountants LLP
1 Mark Square
London
EC2A 4EG
Telephone: 020 7520 2676

Registered Company Number: OC413282
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