Hire an accountant: +44 033 0001 0872

Accounting Service for  

Are you looking for effective financial management solutions as a sole trader? Look nowhere else. Octa Accountants is here to fulfil your business needs, we are here to give you the support and resources you need to successfully negotiate the complexities of financial management. Hire accountants for sole traders from Octa!

Accountants for Sole Trader Businesses

Need Accounting Services for Sole Trader?

Ready to embark on your journey toward streamlined financial management? Here’s how to get started:

Book free meeting

Book a Free Meeting

Schedule a consultation with Octa's top accounting staff. Select the time that works best for you on our calendar, and we'll work around your schedule.

Discuss requirements

Discuss Business Needs

During our meeting, you'll have the opportunity to share your challenges while we offer tailored solutions designed to address them.

meet accountant

Meet Your Accountant

Once you're onboard, our accountants for sole trader will diligently handle your accounting tasks, enabling you to focus on business growth and innovation.

Hire Dedicated Accountants for Sole Traders in London UK

More than 65% of sole traders and small businesses hire accountants to manage their accounts and books. If you don’t have an accountant, you may fall behind your competition. Here’s how accountants for sole traders can help you manage your business operations.

Dedicated Accountants & Virtual CFOs - bookkeeping and accounting services in london

Dedicated Accountant

A personal, certified UK accountant for sole trader business manages your accounts, books, and payroll efficiently – so you can spend your time on other operations.

Bookkeeping services - bookkeeping and accounting services

Efficient Bookkeeping

Our professional bookkeeping services ensure that your financial records are meticulously maintained, providing a clear and organised picture of your company’s financial health.

Invoice Maintenance

Invoice Management

To ensure prompt and correct billing for your clients or customers, improve cash flow, and lessen the administrative effort, Octa Accountants enhance your invoice management process.

vat registration & filing service

VAT Filing & Return

Octa Accountants handle your VAT filings, making sure that all calculations are precise, submissions are made on time, and compliance with VAT requirements is met, avoiding expensive fines.

file self-assessment tax return - hire an accountant for taxes uk

Self Assessment

Our tax accountants offer self-assessment tax services, helping you complete and submit your personal tax returns accurately and on time, maximising your tax efficiency.

private limited company registration

Company Registration

We can assist in the company registration process, helping you navigate legal requirements and ensuring a smooth start to your business operations. Visit our plans to know more.

Bank Affiliations

Bank Connections

We offer services that include syncing financial data between your bank accounts and accounting software, streamlining the process of real-time financial tracking, and more.

HMRC Compliant - file self assessment tax return

Company Secretarial

We take care of your company’s yearly Confirmation Statement filing, ensuring that all legal obligations are met while freeing you up to concentrate on your main lines of business.

Strategic Planning

Personalised Plan

Octa Accountants discuss your needs and requirements first before initiating the service – so you get a personalised plan. Contact us to get sole trader accounting packages.

Avoid 3 Common Mistakes By Hiring Sole Trader Accountants

Services can be challenging to navigate the complex world of single proprietor accounting, but with Octa Accountants on your team, you can avoid these typical mistakes and guarantee efficient financial operations:

record keeping

Inaccurate Record-Keeping

Failing to keep accurate records is one of the most common errors. You may avoid falling into this trap by allowing Octa Accountants to keep careful track of your financial records.
cash flow optimisation

Mixing Personal & Business Funds

This is a serious mistake that should never be made. You can avoid misunderstanding and ensure proper financial reporting by using Octa Accountants' assistance in setting up unique accounts.
tax deductions and savings

Ignoring Tax Deductions

If you lack the right information, you risk missing out on possible tax deductions. To maximise your tax position and help you find deductible expenses, Octa can handle tax strategy.

Types of Sole Traders We Help:

For sole traders in the UK, navigating accounting requirements tailored to the region is essential, and seeking specialised services like bookkeeping for sole traders can streamline financial operations and ensure accurate record-keeping.

accountants for freelancers


Octa Accountants streamline income tracking, manage expenses, and provide tax guidance for freelancers, ensuring financial stability in their project-based careers.

accountants for consultants


For consultants, we offer business structure advice, project accounting, tax compliance, and financial forecasting to optimise their dynamic careers.

accountants for personal trainers and coaches

Personal Trainers

Personal trainers and coaches benefit from our expense management, business structure advice, budgeting, and tax planning services for their fitness and wellness practices.

accountants for instructors and educators

Tutors and Educators

We help tutors and educators with income reporting, expense tracking, tax credits, financial planning, and retirement planning for their educational endeavours.

accountants for photographers and videographers


Photographers & videographers get support in income tracking, expense management, sales tax compliance, and profitability analysis to enhance their visual artistry businesses.

accountants for tradespeople


We help tradespeople track income, manage expenses, maximise tax deductions, and improve cash flow for their essential services in construction and maintenance.

Sole Trader Accounting Service Packages

Considering the cost of an accountant for sole trader operations is crucial. You may not have enormous amount of budget to hire a large accounting firm. But worry not, as Octa Accountants get you a dedicated accountants at reasonable pricing plans.



Bookkeeping & Accounting Services Plan for Smaller Sole Trader Businesses in London, United Kingdom.
  • Revenue Threshold: Up to GBP 5000 / month
  • Bookkeeping Basis: Monthly
  • Unlimited Bank Connections
  • Single Currency Support
  • Invoice Management
  • Monthly Management Reports
  • Business Growth & Tax Advice



Starter Bookkeeping & Accounting Service Plan for Growing Sole Trader Businesses in the UK.
  • Revenue Threshold: GBP 5001-25000/ month
  • Bookkeeping Basis: Live
  • Unlimited Bank Connections
  • Multi-Currency Support
  • Invoice Management
  • Monthly Management Reports
  • Business Growth & Tax Savings Advice



As the name suggests, Booming Plan is for Established Sole Trader Businesses with a higher requirements.
  • Revenue Threshold: GBP 25001-50000/ month
  • Bookkeeping Basis: Live
  • Unlimited Bank Connections
  • Multi-Currency Support
  • Invoice Management
  • Monthly Management Reports
  • Business Growth & Tax Savings Advice

Enterprise Plan for Sole Trader Accounting

A customised service plan dedicated for sole trader businesses with custom needs. The Enterprise Plan includes ALL THE FEATURES from the Accounting Booming Plan along with MORE customized features & pricing!

Frequently Asked Questions

Here’s a list of frequently asked questions about our accountants for sole traders from our web visitors.

What is a sole trader in accounting?

A sole trader is an individual who runs their own business and is solely responsible for its operations. In accounting, a sole trader is a self-employed entity that reports business income and expenses on their personal tax return.

What are the accounting rules for sole traders?

Accounting rules for sole traders involve recording all business transactions accurately, keeping separate business and personal accounts, and maintaining financial records for tax purposes. Compliance with tax regulations and accurate financial reporting are essential.

Do I need accounting software as a sole trader?

While not mandatory, using accounting software can greatly simplify financial management for sole traders. It helps track income, expenses, invoicing, and generates financial reports, ensuring accurate records and streamlined tax filing.

When are sole trader accounts due?

Sole trader accounts are typically due by the end of the fiscal year, which is usually the same as the tax year. In the UK, the tax year ends on April 5th, and accounts are usually due nine months after the fiscal year-end.

Do I need an accountant as a sole trader?

While it's not a legal requirement, having an accountant as a sole trader offers numerous benefits. An accountant can provide expert guidance on tax optimization, compliance, financial planning, and offer valuable insights to help your business thrive.

What is the best accounting software for sole traders in the UK?

Octa Accountants seamlessly integrates QuickBooks and Xero into your financial management processes. These user-friendly accounting software platforms are ideal for sole traders in the UK. They simplify financial record-keeping, enable efficient management of finances, and streamline tax-related tasks. Our team ensures a smooth transition to these platforms, providing training and support for a hassle-free experience.

Get A Today!

Every landlord business has different needs when it comes to managing finances. That’s why we prepare bespoke bookkeeping & accounting according to a client’s requirements.

Book a Meeting to discuss your needs and get a fully personalised plan!

Meet Our Clients

Ready for next step?

Are you ready to take your business to new heights? Contact the experts today to hire dedicated accountants for sole traders in London or any part of United Kingdom.