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What is a sole trader business?

A sole trader is a type of business structure where the individual owner is not legally distinct from the business. Setting up a business as a sole trader means that you’re entitled to keep any after-tax profits you make, but it also means that you’re personally liable for any debts the business has.

You’ll need to tell HMRC about your sole trader profits by submitting a Self Assessment tax return, so that you pay the right amount of tax on your earnings.

Download our guide to learn more about operating as a sole trader, or talk to us about our online accountancy services for sole trader businesses.


Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.