Accountants for Sole Traders

As a sole trader, managing your finances can be a daunting task, especially when juggling business operations with tax obligations. At JSDaccounting, we specialize in providing easy and comprehensive accounting services tailored to the unique needs of sole traders across the UK. Our goal is to simplify your financial management, ensuring compliance with HMRC while helping you keep more of your hard-earned money.

Comprehensive Bookkeeping Services

We handle all aspects of your bookkeeping, from recording daily transactions to reconciling bank statements. Using cutting-edge tools like Xero, we provide real-time insights into your cash flow, allowing you to make informed decisions about your business. Our team ensures your books are always up-to-date, reducing the stress of tax season.

For instance, we can help you track deductible expenses such as office supplies, travel, and home office costs. By maintaining accurate records, we minimize the risk of errors or missed deductions, which could otherwise cost you money.

Tax Return Preparation and Planning

Filing your self-assessment tax return can be complex, but our qualified accountants take the burden off your shoulders. We prepare and submit your tax returns on time, ensuring you claim all allowable deductions and reliefs. We also offer proactive tax planning to help you structure your finances for the upcoming year, potentially lowering your tax liability.

For example, we can advise you on the £6 per week simplified expense rate for working from home or help you calculate mileage claims if you use your vehicle for business. Our regular tax guidance keeps you compliant and informed.

Unlimited Support and Guidance

Our team is here for you whenever you need us. With unlimited support, you can reach out via phone, email, or chat to get answers to your financial questions. We provide personalized advice to help you navigate challenges, from setting up your business to planning for retirement.

For sole traders, this might include guidance on registering for Self-Assessment or understanding National Insurance contributions. Our goal is to empower you with the knowledge to succeed.