Sole trader accountants

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    Accountants for sole traders

    Leave the overwhelming feeling of endless paperwork, messy books and confusing tax figures behind and let us take care of your sole trader accounts.

    By handing us the baton, you can continue on the tracks, focusing solely on business growth.

    Not sure what tax a sole trader pays?

    Sole traders are expected to pay income tax on their profits, based on their personal tax rate, after all allowable deductions have been made.

    We understand how confusing it can be to calculate what you owe HMRC and what is yours to keep, which is why our sole trader accountancy services are there to guide you. We’ll ensure you pay exactly what is due and get to keep as much of your hard-earned profits as possible. Plus, as your dedicated accountant, we are committed to making sure you never miss a deadline!

    Get your sole trader finances on track

    At Guildford Accounting, we have over 30 years of professional tax and accounting experience, so we know what is needed to make sole trader businesses flourish. We combine modern technology with long-established practices to provide an efficient service that focuses on the individual needs of our clients.

    Our team handle everything from daily bookkeeping tasks to analysing intricate financial information and submitting perfectly filed tax returns. Whatever challenges you face as a sole trader, you don’t have to go it alone.

    We take pride in offering a friendly and transparent service to each of our clients and are more than happy to discuss your situation. If you’re looking for a professional sole trader accountant to help you regain more of your valuable time, please get in touch today.

    What is a sole trader?

    If you work for yourself and run your own business, then you are classed as a sole trader. This means you are solely responsible for the success of your business and get to keep any of its profits (after tax, of course).

    Being a sole trader takes a lot of effort, and while it does offer the benefits of flexibility and being in control of your own finances, it also comes with an important responsibility. Not only are you fully in charge of yourself and the success of your business, but you are also personally liable for any losses or debt the business incurs.

    Why would a sole trader benefit from an accountant?

    If you’re looking to free up time so you can search for new business opportunities or work towards your goals, then a professional sole trader accountant like Guildford Accounting can assist. You can rely on our expertise and dedicated support to help you confidently manage your financial obligations.

    Working with us not only provides you with more time, but we ensure you never have to navigate the challenges of sole trader accounting alone and are there to answer your questions whenever you need.

    Our sole trader accounting services can be a game-changer for your business:

    • Expert solutions tailored to your unique needs
    • Compliance made easy and understandable
    • More time to focus on business growth and customers
    • Strategic planning to empower long-term success
    • Clear pricing and transparency across all our services

    Accounting services for sole traders

    Our sole trader accountants are committed to empowering you on your one-person journey to success. Whether you’re looking to get on top of your books or turn your business into a thriving and expansive enterprise, we can offer a sole trader accounting package tailored to your specific goals.


    We’ll save you the headache of tracking your financial transactions by handling all aspects of bookkeeping. By implementing an efficient bookkeeping process, we make it easier to document income and business expenses and analyse data in preparation for financial statements. Our job is to ensure your records are consistently up-to-date.

    Self-Assessment tax returns

    We understand that tax returns can be tricky, which is why our service gives you the level of tax support you need. Whether it’s maintaining accurate records or understanding confusing tax forms, our accountants will ensure you have everything you need in order to submit your Self-Assessment tax return on time, every time.

    Plus, our strategic tax planning service ensures your business operates in the most tax-efficient way all year round, so you can be confident that you continue to stay profitable and compliant, even outside the dreaded tax season.


    Let us take the confusion out of paying yourself as a sole trader. Whether you’re looking to pay yourself or subcontractors or even hire employees, our sole trader accountants will navigate you through the payroll process. We’ll help you calculate wages, manage taxes and National Insurance contributions and handle any complex tasks so you can relax knowing you meet compliance regulations and everyone is paid correctly.


    We’re helping you save time and money by implementing Xero accounting software into your financial processes and tailoring it to work for you. Not only does this allow you easy, on-the-go access to your financial data, but it also allows us to collaboratively work together to ensure strategies are in place and we are working towards your goals.

    Xero enables us to automate mundane tasks such as bank reconciliations and helps us better analyse your business finances by reducing errors and improving organisation.

    Choose Guilford Accounting as your sole trader accountant

    We understand that juggling the increasing demands of running a sole trader business while keeping your books in order must be challenging, which is why we offer specialist accounting services to busy sole traders.

    We will guide you every step of the way!

    Contact Guildford Accounting today to learn more about our accounting services for sole traders. Whether you prefer to talk face-to-face or over the phone, we can work around your schedule.

    Frequently asked questions about sole trader accounts

    Please take a look at some of our frequently asked questions to understand more about sole trader accounting.

    What’s the difference between self-employed and sole trader?

    Self-employed is the term used to describe your employment status; it means you don’t work for anybody other than yourself. A sole trader, however, is a type of business structure under which many self-employed individuals operate. These terms are often used interchangeably and can imply that you work solely for yourself.

    Who keeps the profit of a sole trader business?

    As a sole trader, you keep the total profits your business receives after all allowable expense deductions and tax payments have been made.

    Do I have to pay National Insurance as a sole trader?

    Sole traders are typically required to make National Insurance contributions on profits of over £12,570 per year, which can be paid through Self-Assessment. The amount payable depends on your National Insurance rate.

    Book A Consultation

    At Guildford Accounting, we much prefer to talk to you about your accounting needs.

    Who We Serve

    At Guildford Accounting, we much prefer to talk to you about your accounting needs.

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    Why Choose Us?

    Why Choose Guildford Accounting for your Sole trader accountants Services


    We take time to understand you, your business and your financial goals before we start working with you.


    With us, you’ll know where you stand. We provide honest and transparent solutions tailored to your unique business needs.

    Go the extra mile

    Whether you’ve got an urgent question or simply need some advice, we’ll be there to guide you every step of the way.

    Our secret behind establishing solid and lasting relationships with our clients is the personal touch and genuine care we show. We always go the extra mile and aim to always be available to help.

    Take the next step towards business growth.

    If you’re looking for someone to take the financial load off your shoulders, then get in touch with Guildford Accounting. We’ll take care of the admin tasks while you focus on running your business.