Expert accounting for Sole Traders
- Low cost, fixed fee packages
- Fast & friendly accountants
- Minimise your tax bill
Sole Traders Unite
We understand the unique challenges you face as an independent business owner. Our tailored tax and accountancy services are designed to meet your specific needs, helping you streamline your finances while maximizing your potential.
Our fixed-fee accounting packages
We understand running a small business comes with enough challenges without having to worry about complicated and costly accounting services. That’s why we offer simple and transparent accounting packages:
Micro Business
£199
/ per year
For non-VAT registered sole traders with turnover under £20k
Lite Business
£249
/ per year
For non-VAT registered sole traders with turnover between £20k – £85k
Small Business
£349
/ per year
For VAT registered sole traders or turnover between £85k – £200k
Turnover above £200,000/year?
For businesses with a turnover exceeding £200,000 per annum, our tailored monthly packages provide ongoing support and financial oversight to meet your growing needs. Starting from just £29 per month, you can get an immediate quote using our instant calculator below.
What's included?
All our packages give your sole trader business:
- Year-end accounts preparation
- Self assesment prepared and submitted to HMRC
- Professional help to claim eligible expenses and tax reliefs
- Full calculation of your tax bill for you to review and approve
- Unlimited expert advice during the whole year
- Timely replies to queries
- Deadline reminders
- No surprise fees
- Payroll & VAT Returns optional (additional charge applicable)
Why choose Taxago?
We challenge the way accountancy services are offered by being online based and handing those savings to you in vastly reduced fees.
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Personal touch
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Unlimited expert advice
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No hidden costs
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Regular deadline reminders
accredited xero & freeagent accountants
"Although our services are budget-friendly, we are far from being 'cheap' accountants. We provide a gold standard of professionalism and expertise, offering top-quality service at a fraction of the cost compared to our competitors."
Senior Accountant, Taxago
Frequently Asked Questions
A sole trader is an individual who runs their own business and is personally responsible for its debts. As a sole trader, you can keep all your profits after tax, but you also take on all the financial risks associated with your business.
Yes, absolutely! We work with all major accounting software providers, including Xero, FreeAgent, QuickBooks, Sage, and more. Whether you're already using a platform or need help setting up new software, we’ve got you covered. Our team can assist in getting you up and running smoothly as part of our onboarding process.
No problem! While Taxago doesn’t provide accounting software directly, we’re happy to discuss your needs and recommend the best solution for your business. We can also advise you on free/low-cost accounting software options if you're just getting started.
Hiring an accountant can save you time and help ensure your financial records are accurate. An accountant can assist with bookkeeping, tax returns, and financial planning, allowing you to focus on growing your business.
At Taxago, we provide a comprehensive range of services for sole traders, including bookkeeping, self-assessment tax returns, financial advice, and assistance with allowable expenses to help maximize your tax efficiency.
We offer budget-friendly packages starting from just £199, with transparent pricing and no hidden fees. We can customize our services to suit your specific needs, so you only pay for what you require.
Our experienced accountants will guide you through allowable expenses and tax reliefs applicable to your business. We regularly review your financial situation to ensure you’re taking advantage of every opportunity to minimize your tax liability.
To begin, we typically require details about your business income and expenses, along with any previous financial records if applicable. Our team will guide you through the process to ensure everything is in order.
We prioritize clear and open communication with our clients. Depending on your needs, we can set up regular check-ins, whether that’s monthly, quarterly, or as required, to keep you informed about your financial situation.
Absolutely! We specialize in working with new sole traders and can assist you with setting up your accounting processes, understanding your tax obligations, and ensuring you’re compliant from day one.
Self-assessment is a system used by HM Revenue and Customs (HMRC) to collect Income Tax. As a sole trader, you must file a self-assessment tax return annually to report your income and expenses. We can help you prepare and file your return accurately and on time.
If you have outstanding tax returns, it’s important to address them as soon as possible to avoid penalties. Contact us for assistance -we can help you file any overdue returns and get your tax affairs back on track.
Effective and simplified accounting
- Fixed-fee packages
- Instant online quote
- Unlimited help and advice