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

• Self-Assessment Tax Return + Unlimited Support - £25/month
  Full tax return preparation and filing, with year-round advice from a UK-based accountant.

Optional Add-Ons:

+ Xero Setup & Subscription – +£40/month

+ Payroll Service – +£30/month

+ Monthly Bookkeeping – +£100–£200/month
 

• £55/month – Tax Return + Payroll
  Includes Self-Assessment return and payroll processing (weekly or monthly), plus unlimited support.
   
• £200/month – 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) – £300
  Complete preparation, submission to HMRC, and expert advice included.
   
• Self-Employed Business Registration (HMRC) – £75
  We’ll register you with HMRC as a sole trader or self-employed individual.
   
• Bookkeeping Catch-Up (per hour) – £45
  Clean, reconcile, and organise your books — ideal for missed months or disorganised records.
   
• Payroll Setup – £120
  Set up your PAYE scheme, even if you’re paying yourself or staff.
   
• Xero Setup & Training (One-Off) – £150
  Full setup of your Xero account, including custom chart of accounts and tailored walkthrough.
   
• HMRC Letter Response / Dispute Handling – from £80
  We’ll draft responses, liaise with HMRC, and guide you through resolving queries.
   
• Business Expense Review & Tax Optimisation – £90
  We’ll review your business expenses and recommend legitimate tax-saving opportunities to reduce your bill.

How Our Pricing Works

At Tape UK, our pricing is based on your company’s annual turnover — ensuring fairness, transparency, and alignment with the complexity and support your business requires as it grows.

Turnover-Based Pricing Brackets:

• Up to £250k turnover
  Base rate
• £250k – £500k turnover
  (+25%)
• £500k – £1M turnover
  (+50%)
• Over £1M turnover
  (+100%)
   

As your revenue increases, so does the scope of accounting and reporting. This tiered model ensures you always receive the right level of service, while maintaining clarity on cost.

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