Affordable Accountant for Sole Traders

Whether you're a sole trader, freelancer, contractor, or digital creator — staying compliant with HMRC shouldn't be stressful.

Tape UK makes it simple with affordable accountant support, fixed monthly pricing, and self-employed tax support tailored to how you work.

We help self-employed professionals across the UK with:

• Self-Assessment tax return filing
• Income and expense tracking
• Real-time tax estimates
• Optional bookkeeping, payroll & Xero software
• Unlimited support from UK-based experts

Our Fixed Monthly Plans — Sole Traders from:

Self-Assessment Tax Return + Unlimited Support

Full tax return preparation and filing, with year-round advice from a UK-based accountant.

Optional Add-Ons:

+ Xero Setup & Subscription 

+ Payroll Service 

+ Monthly Bookkeeping
 

Tax Return + Payroll

Includes Self-Assessment return and payroll processing (weekly or monthly), plus unlimited support.
 

Full Package

Bookkeeping, payroll, Xero software, Self-Assessment tax return, and unlimited access to your accountant.
 

One-Off Services – Sole Traders

Self-Assessment Tax Return (One-Off) 

Complete preparation, submission to HMRC, and expert advice included.
 

Self-Employed Business Registration (HMRC) 

We’ll register you with HMRC as a sole trader or self-employed individual.
 

Bookkeeping Catch-Up (per hour) 

Clean, reconcile, and organise your books — ideal for missed months or disorganised records.
 

Payroll Setup 

Set up your PAYE scheme, even if you’re paying yourself or staff.
 

Xero Setup & Training (One-Off) 

Full setup of your Xero account, including custom chart of accounts and tailored walkthrough.
 

HMRC Letter Response / Dispute Handling 

We’ll draft responses, liaise with HMRC, and guide you through resolving queries.
 

Business Expense Review & Tax Optimisation 

We’ll review your business expenses and recommend legitimate tax-saving opportunities to reduce your bill.

UK Tax Brackets for Sole Traders (2024/25)

If you're self-employed or a sole trader, your tax is calculated based on your profits (income minus allowable expenses). 

Here’s how it breaks down for the 2024/25 tax year:

£0 – £12,570 – 0% (Personal Allowance, tax-free)

£12,571 – £50,270 – 20% (Basic Rate)

£50,271 – £125,140 – 40% (Higher Rate)

Over £125,140 – 45% (Additional Rate)

Note: National Insurance (Class 2 and Class 4) is also payable on profits and is separate from income tax. The Personal Allowance is reduced once income exceeds £100,000.

When Should a Sole Trader Switch to a Limited Company?

Switching from sole trader to limited company can help reduce your tax bill and protect your personal assets — but timing matters.

Here are signs it might be time to go limited:

• You're consistently earning over £30,000–£50,000 per year
• You don’t need to draw all profits as personal income
• You want limited liability protection
• You're looking for investment or larger contracts
• You plan to hire staff or scale up operations
   

Whether you're just starting out or running a six-figure solo business, we handle the sole trader accounting — so you can focus on doing what you love.

Book a free consultation
Request your fixed quote
Trusted by sole traders since 2019

Tape UK – Clear, compliant, and built for the self-employed.

Spread the Cost with 0% Interest: Monthly Accounting with Tape UK