👤 Accounting for Sole Traders in the UK

✅ Affordable, Straightforward, and Fully HMRC-Compliant

Running your business as a sole trader gives you freedom — but also brings legal responsibilities. You must register with HMRC, keep detailed financial records, and file a Self Assessment Tax Return (SA100) every tax year. At YUDEY, we make sole trader accounting simple, compliant, and tax-efficient — so you can focus on your business, not your books.

📌 What Is a Sole Trader in the UK?

A sole trader is a self-employed individual who runs a business and keeps all profits (after tax). You must:

  • 📋 Register with HMRC as self-employed

  • 💼 Keep income & expense records

  • 🧾 File an annual Self Assessment (SA100)

  • 💰 Pay Income Tax and National Insurance (Class 2 & 4)

You don’t need to register with Companies House or form a Ltd company.

✅ Our Sole Trader Accounting Services Include:

Service Description
HMRC registration We register you as a sole trader correctly and promptly
SA100 Self Assessment filing Accurate, on-time submission to HMRC
National Insurance calculations Class 2 and Class 4 NIC handled through your return
Bookkeeping setup or support Help tracking income, expenses, mileage, etc.
VAT registration (if needed) Mandatory over £90,000 turnover per year
Allowable expenses optimisation Maximise your deductions to reduce tax liability
CIS reporting Relevant for construction subcontractors/contractors
Help with HMRC enquiries or penalties We respond and defend on your behalf

💡 Common Clients We Help

  • Freelancers and remote workers

  • Designers, developers, and consultants

  • Self-employed in hospitality, beauty, or trades

  • Etsy, eBay, Amazon, and Shopify sellers

  • Ukrainian migrants working independently in the UK

🕒 Important Deadlines

Event Deadline
Register as self-employed 5 October
Submit Self Assessment (online) 31 January
Pay Income Tax & NIC 31 January
Missed deadline? £100+ late fee + interest

🛡️ Why Choose YUDEY?

  • Affordable fixed-fee accounting

  • Friendly multilingual team: 🇬🇧 🇺🇦 🇵🇱

  • Expert knowledge of UK tax law for migrants & newcomers

  • Responsive support — phone, email, or online portal

  • Ideal for first-time or established sole traders

📞 Start Smart — Let Us Handle Your Sole Trader Accounting

Whether you’re just starting or want a better accountant — YUDEY is here to help.
Get in touch today for fast, clear, and stress-free tax support.

Do you have any questions? You can ask them to our specialists
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