This package is specially designed for UK-based sole traders, addressing the core pain points of daily bookkeeping complexity and tax compliance pressure. We understand that as a sole trader, your time is valuable and should be focused on business growth rather than wrestling with numbers and spreadsheets. Our service includes the following complete offerings:
Daily Transaction Recording Management – We establish a dedicated digital ledger for you, categorising all business income and expenditure transactions on a monthly basis, including sales revenue, purchase costs, operating expenses, travel and subsistence, etc. Our professional accounting team reviews each transaction line‑by‑line to ensure absolute accuracy, and classifies them in accordance with HMRC‑approved accounting categories.
Automated Bank Reconciliation – Through secure cloud accounting software (e.g. Xero or QuickBooks), we synchronise your business bank account with the bookkeeping system in real time, automatically matching and reconciling every bank transaction. We identify outstanding items or unusual entries promptly, and provide you with a monthly bank reconciliation statement ensuring that your book balance exactly matches the bank balance.
Quarterly VAT Return Assistance – If you are VAT‑registered, we collate your output tax and input tax data each quarter, calculate the amount due or refundable, and assist you in completing and submitting your VAT return.
Annual Self Assessment Tax Return Support – At the end of each tax year, we prepare a comprehensive annual income and expenditure summary, help you calculate your taxable profit, and provide all the financial data needed for your Self Assessment tax return to HMRC. We also offer sensible tax planning advice to help you legally minimise your tax burden.
Management Accounts – Each quarter we deliver a set of management accounts including a profit & loss account, cash flow summary, and key financial ratio analysis, so you can clearly understand your business profitability and cash position to support informed decision‑making.
HMRC Correspondence and Enquiry Assistance – If you receive any tax enquiry or review notice from HMRC, we provide expert guidance, assist in preparing the required documentation, and communicate with the tax authority on your behalf.
This package is billed monthly with no long‑term contract, and you can upgrade to a higher‑level service at any time.