Total Books, your sole trader accountants
At Total Books, we know how important it is for sole traders to keep on top of their finances while growing their businesses. That’s why we offer professional accounting services designed to increase your tax efficiency and keep things running smoothly.
With access to your own dedicated accountant, you’ll have personalised advice and support every step of the way. Our certified AAT accountants and Xero bookkeepers handle everything, from the accounts preparation to filing tax returns to future tax planning. We keep your finances accurate, compliant, and working in your favour.
Contact us today and learn how our accountants for sole traders can help your business thrive.
Do sole traders need accountants?
Rather than finding the time outside of running your small business to take care of your tax obligations and business finances, you’ll have the experienced support of our licensed accountants.
Compliance is arguably one of the most essential aspects of accounting for any business – big or small. When you use Total Books accountants, you’ll have peace of mind that your business accounts are in superb shape and your Self-Assessment tax returns are on time, every time. We’ll ensure you stay updated with the latest tax laws and your accounting obligations and notify you of changes when they happen.
From April 2026, sole traders earning over £50,000 must keep digital records and submit quarterly tax updates to HMRC. Making Tax Digital for Income Tax Self Assessment for sole traders and landlords (MTD – ITSA).
If the HMRC ever comes knocking on your door to investigate your records, we ensure you are protected from HMRC penalties for inaccuracies in returns or documents.
Benefits of using a sole trader accountant
Total Books goes above and beyond to help sole traders with every aspect of running a self-employed business. As industry tech experts, we are committed to delivering the highest-quality accounting solutions to each and every client, backed by our qualifications and experience. We are Xero Advisor Certified, AAT licensed, and hold a number of professional memberships.
When you use Total Books as your sole trader accountant, you get more than just compliance. You get:
- More time to focus on your day-to-day tasks, like connecting with customers, providing services, and growing your business
- Higher profit margins and more money to save or reinvest in your business
- Better overall accounting efficiency with specialist software, reducing the chance of costly mistakes
- Peace of mind knowing your taxes are in expert hands
- Unlimited expert advice and quick responses to any questions you may have
- Instant communication on WhatsApp, email and phone.
- Always know exactly where your business is financially
- Up-to-date tax savings and planning
- The option of unlimited support, whether tax, administrative or phon,e is also available
Our accounting services for sole trader businesses
At Total Books, we’re helping you get your business off the ground with sole trader accountancy services tailored to your needs. Our approach is technical and precise, but always friendly. We cover every aspect of your sole trader accounts, so you no longer have to worry about late filing deadlines or missed tax savings.
Whether you’ve just started freelance work or have run your own business for a while, we have the tools, knowledge, and experience to give you complete financial confidence.
For any firm owner to know in real time what taxes they owe, what profits they have made, how much cash is in the bank, what invoices are owed and any expenses they have overpaid. Allow immediate, impactful business decisions with your own dedicated accountant, ensuring sustained business growth.
Our team will take care of every aspect of your sole trader business:
- Tailored bookkeeping and accounting solutions
- Preparation and filing of self-assessment tax returns
- Support with business expenses
- Profit and loss accounts
- VAT registration and advice
- Personalised financial advice
- Tax planning advice
- Making Tax Digital for sole traders (MTD for ITSA)
- Xero Software & apps setup and training
- Credit control, sales and purchases ledger
- Consultancy planning & coaching
- Financial reporting and analysis
Real-time financial insights with advanced tools
We use our online accounting software skills to make our services even more accessible and help you benefit from more accurate records and faster results. We encourage our clients to use modern accounting software such as Xero, Hubdoc & Taxcalc to enhance their overall accounting and bookkeeping experience, from separating business and personal expenses to automating mundane admin tasks.
It’s all part of our service. We’ll install the right software for you and set it up to do the hard work for you. Plus, with everything being online and in real-time, you can make quick and easy decisions about your business or reach us at the touch of a button to get advice.
Simplify your finances with Total Books today!
We understand that no two businesses are the same, which is why our sole trader accounting packages are bespoke to your needs. When you choose Total Books, you’ll get your own personal sole trader accountant who will act on your behalf for every tax matter and accounting need. We have experience in completing 100’s of Sole trader year-end accounts preparation jobs. We even guarantee our work’s quality, reassuring you that your finances are in perfect shape and error-free.
Our team is always available to answer any question you may have, no matter how big or small. We aim to respond quickly with actionable, easy-to-understand solutions, which our clients always appreciate!
I use these guys every year for my tax Self-Assessment and they are excellent. Very clear and walk me through everything, without being patronising or judgemental at all! Wouldn’t go anywhere else.
– Eva B. (Standup Comedian)
Looking to get tax-efficient as a small business owner? Call us on 029 2002 6505 or book a free 15-minute accountant review with one of our tax experts online.
Frequently asked questions about sole trader accounting
How much does an accountant cost for a sole trader?
Accountants charge sole traders different rates depending on their size, industry, and the level of support they require. At Total Books, we offer a range of clear, flexible pricing plans to suit your needs. Our sole trader plan starts at £495 +VAT per month.
Common reasons for varying prices include:
– Unlimited support with our tax advisors and on the phone.
– Large transactions and turnover
– Daily, weekly or monthly bookkeeping.
Book here to discuss a consultation for a free quote and find out more.
Can I switch to a limited company later?
Yes. If you start out with us as a sole trader, you can change to a limited company later down the line. This is also known as incorporating. We’ll help you complete the admin and notify Companies House when you’re ready to make the switch and adapt our services as you evolve.
Common reasons for incorporating:
– Protecting personal assets by limiting liabilities.
– Saving around 6k in tax if annual net profits exceed 50k.
– Tax planning with pensions, dividends & investments.
As you grow and when the time is right, we’ll also advise you whether incorporating is the right move.
How much does a sole trader earn before paying income tax?
In the UK, you can earn up to £12,570 before you start paying Income Tax (2024/25 tax year). More information regarding what taxes & National insurance contributions as a sole trader can be found on the Government support site by Money Helper at this link.
