Sole Traders accounting, handled.

If your self-employment and property income combined is over £50,000, MTD for ITSA applies from April 2026 — that means quarterly digital submissions plus an end-of-period statement. The £30,000 threshold follows in April 2027, and £20,000 from April 2028. We get you onto compatible software and a quarterly rhythm well before your start date so the first submission isn't a panic.

The honest list is anything wholly and exclusively for the business — tools, materials, business mileage at 45p/25p, a proportion of home use if you work from home, professional subscriptions, business phone, and accountant's fees. We don't push aggressive claims that fall over at enquiry — we make sure the legitimate stuff is captured every month so you're not scrambling in January.

As a rough rule, once you're consistently netting over £40,000–£50,000 a year and don't need to draw it all out, a limited company usually pays less combined tax and NI than a sole trader. But it's never just the tax — mortgage applications, IR35 risk, and admin overhead all matter. We run an incorporation comparison for you free before you decide.

HMRC charges payments on account: 50% of last year's tax bill upfront on 31 January and another 50% on 31 July, as advance payment toward the current year. It catches new sole traders out badly in year two. We forecast both instalments in advance and tell you if your trading has dropped enough to justify reducing the payment on account so cash doesn't disappear unexpectedly.

Once you've sent the complete records, we draft your return within five business days, send it for your approval, and submit to HMRC the day you sign off. Every message gets a reply inside 72 hours, so you're not waiting weeks for confirmation that something landed.