Accounting & Tax Services For Sole Traders
Why trust our online accountancy and bookkeeping services?
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Our unique tailored approach
We don’t rely on accounting and bookkeeping managers. When you will join us, you’ll receive your own personal certified accountant who specializes in accounting and bookkeeping services. Your personal accountant will take the time to understand your business and provide tailored, professional support for your accounting needs
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Multiple accounting software
Quickbooks online, Xero, Wave, Zoho Books, Fresh Books and many more. Our certified accountants will review your accounts daily to make sure your entries are accurate. Our accountants are certified in Quickbooks Online, Quickbooks Online Advanced certfication, xero certification and much more.
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24/7 certified accountants advice
Your personal certified accountant will always ready to answer any questions about your business. You can contact your personal accountant via email, phone or zoom call anytime you like. We prioritize clear communication, so you’ll always have direct access to your accountant for any queries
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Filing is fully covered
This means no hidden fees. We’ll handle your annual accounts and file the necessary tax returns to keep your business compliant with HMRC.
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Periodic deadline reminders
We send automated email reminders regularly, notifying you of upcoming deadlines for your accounts and returns to ensure you never miss a submission.
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Tax optimization analysis
Your dedicated accountant will carry out regular tax efficiency audits to ensure your business is optimized for tax benefits, claiming every eligible expense.
We currently help over 2000+ businesses globally to thrive
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Grace Kwong
read moreAfter meeting with various bookkeepers, we decided to partner with Fincsol as we could tell that they knew their stuff and (more importantly) that we could trust them. Even given the time difference, Finscol delivers on time and responds to any inquiries or change requests in a timely manner. Usman and his team take away the stress of bookkeeping...
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Egils Sveilis
read moreFincSol Accountancy offers outstanding eCommerce accounting services with tailored solutions that make managing financial tasks seamless. Their attention to detail, professionalism, and dedication to client success are truly impressive. From setting up bookkeeping systems to providing ongoing financial guidance, they ensure every aspect is handled...
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Nasib Manekia
read moreI highly recommend Fincsol for their exceptional accounting and bookkeeping services. Their team specializes in QuickBooks Online and Wave, making my transition seamless. Over the past three years, they've been an invaluable partner for my Amazon FBA businesses. One thing I love about Fincsol is their versatility. They offer bookkeeping services...
Check out the reviews for our online accounting services...
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4.8 Rating
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5 Rating
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Thinking of changing your accountant?
We understand that change can feel overwhelming, but switching accountants doesn’t have to be stressful. As your new accountants, we’ll handle the entire transition from your previous firm. We’ll reach out to them to obtain all the necessary details to liaise with HMRC and represent you effectively. Being a sole trader doesn’t mean facing it all alone!
Additional services for sole traders
Even the most delicious cake can be made better with a little something extra, and it’s up to you to choose the recipe for success.That’s why we offer a range of additional accounting services to sole traders, such as bookkeeping, VAT returns, payroll or pensions, ready for you to add or remove as and when you need them.
Free HMRC representation
We know that HMRC inspections are a daunting prospect, especially for a sole trader juggling everything by themselves. Although rare, an inspection can happen at any time, but fear not! We've got you covered.
To protect you from the stress of an HMRC audit or inspection, we will act on your behalf and fight your corner with HMRC, at no additional cost.
How simple is it to get started with Fincsol Accountancy?
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Get a quote
Get your instant online quote to find out how much you'll be paying
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Sign up to our service
Fill out our simple online registration form. It’s only short, we promise.
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Receive a warm welcome
We’ll get you set up, settled in and introduce you to your accountant.
You're in good hands
Sole Trader — Frequently Asked Questions
How do I register as a sole trader?
You register as self-employed with HMRC for Self Assessment — this must be done by 5 October following the end of the tax year in which you started trading. HMRC issues your UTR number, and from then on you file a tax return each year. We can register you and handle every return after that.
How much tax does a sole trader pay?
Sole traders pay income tax on profits above the personal allowance, plus Class 4 National Insurance. The exact amount depends on your profit level — use our free UK tax calculator for an instant estimate, or ask us for a personal projection.
Should I be a sole trader or a limited company?
It depends on your profit, risk and growth plans — limited companies can be more tax-efficient at higher profits but come with more admin. Try our free Limited Company vs Sole Trader calculator to compare take-home pay, or talk to us for tailored advice.
What records does a sole trader need to keep?
You must keep records of all business income and expenses, and keep them for at least 5 years after the 31 January filing deadline. Simple bookkeeping software or spreadsheets are fine — our bookkeeping service (or our templates) keeps this effortless.