Online Sole Trader Accounting Services

Registering as a sole trader is one of the most straightforward ways to get started in business, however, there are different processes to be followed. No matter your profession or industry, your business can benefit from our comprehensive online accounting for sole traders.

Running a business can be challenging. At Pineapple we are here to help with our dedicated sole trader accounting services: from bookkeeping, VAT returns and payroll, to taxes and Self Assessments, depending on the monthly plan you need, starting from as little as £25 per month.

Check out our plans with fixed monthly fees or contact us via WhatsApp to chat with an advisor.

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Our Complete Sole Trader Bookkeeping and Accounting Services

Depending on the monthly accounting plan you choose as a sole trader, you will benefit from:

Bookkeeping services to bring your accounts up-to-date
VAT returns to HMRC that are accurate and submitted on time
Payroll completely managed from beginning to end
Registration of Self Assessment as a sole trader
Self Assessment Tax Returns that meet deadlines
Financial reports so you can make informed business decisions

All of our services are digital, which means no endless meetings and unnecessary paperwork. Along with this, they are all 100% cloud-based, completed using our expenses software to help you on your path to automated accounting following the Making Tax Digital initiative by HMRC.

Why Work with Pineapple?

Set and ready for Making Tax Digital

HMRC has already started to introduce their Making Tax Digital initiative, aimed at getting businesses to file their returns digitally. At Pineapple, we are ahead of the curve as all our services are 100% cloud-based to help you on your path to automated accounting and simplify your day-to-day bookkeeping. We use leading accounting software and, as Xero Certified Partners, you can count on us to keep up with the latest regulations and make sure your business stays on track.

Dedicated Team of Certified Chartered Accountants

When you join us, you will have your very own dedicated sole trader accountant and we will support you throughout the year for all your financial queries, with services tailored to your specific needs so you focus on running your business.

We are a team of friendly online chartered accountants with experience working at the big four firms and businesses of all sizes. Our accountants and lawyers have accreditations from trusted professional bodies such as the ACCA, so you can trust your finances will be in good hands.

As a sole trader, managing your accounts can be challenging. Our team works with sole traders throughout the year to make sure you meet all your deadlines and stay on top of your finances.

What is more, if you are already working with an accountant, it is easy to switch over to us. Just give us their contact details and we will take care of the rest.

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What’s Included with Our Sole Trader Accounting Services?

Depending on the plan you choose, you’ll benefit from different services. With our Bronze package, we’ll take care of submitting your full set of sole trader accounts, and you’ll also get your very own dedicated accountant, so you can feel confident knowing that your business’s finances are in good hands. All from just £25 a month.

If you go for the Silver package, not only will you get everything included in the Bronze plan, but we’ll also take care of preparing and submitting your VAT return if required and managing your payroll. Take some financial management responsibilities off your plate from just £102.50 a month.

If you are looking for the ultimate package, our Gold plan has got you covered. You’ll benefit from all included in both the Bronze and Silver plans, but you’ll also have access to our user-friendly accounting software. This means we’ll take care of routine bookkeeping and help you boost your tax efficiency. All of this from £142.50 a month.

OUR PLANS

Get Started with Our Sole Trader Accounting Plans

From only £25 per month, you can receive complete management of your sole trader accounts and taxes, preparation and submission of tax returns, and online unlimited help from a chartered accountant whenever you need and more.

Bronze

From £25+ VAT per month

Accounts & Taxes
Registration of business with Companies House & HMRC
Preparation of accounts
Preparation of business taxes
Pineapple support on Whatsapp with a chartered accountant
Pineapple Portal to e-sign documents securely
References for finance and mortgage applications

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Silver

From £102.50+ VAT per month

All included in the Bronze package
VAT Returns
Payroll

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Gold

From £142.50+ VAT per month

All included in both Bronze and Silver packages
Expense Software
Xero Accounting Software
Debt Recovery
Bookkeeping & Reconciliation
Live Management Reporting accounts with KPI reporting

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Black

Bespoke Price+ VAT per month

If your company doesn’t fit with one of our monthly packages, we can offer a bespoke designed Black plan to suit your complex situation. Speak to one of our chartered accountants today to receive a bespoke quote for a tailored service.

Get in Touch

Get a quote today via our quote calculator or get in touch with the team.

FAQs

What is a sole trader?

Sole traders are self-employed people who own and run their businesses. In simple terms, it refers to operating a business as an individual or as a team, but without any legal framework. Being a sole trader is the best way to begin and trade, however, they are personally responsible for any losses the business incurs.

A specialised sole trader accountant like those at Pineapple will help you to manage your day-to-day accounts and bookkeeping, help you to submit your Self Assessment and provide you with support in case you are transitioning to a limited company or in any other areas as required.

What are the benefits of being a sole trader?

As a sole trader, you have the freedom to be your own captain. There are no shareholders to consult, and the only opinions you need to listen to are yours and your accountants if you decide to have one. All post-tax profits belong to you as a sole trader and, what’s more, your accounts aren’t made public when running an incorporated business. This means your competitors won’t be able to see how much you’re earning, giving them less insight into how your business operates and thrives.

Do sole traders need an accountant?

Using an accountant can help you save money since there are fewer statutory filings and reporting requirements. When looking for a sole trader accountant, you should understand which businesses a professional has experience and knowledge in to make your working relationship as compatible as it can be.

At Pineapple, we are able to slot into your business and provide you with as much support as you need when it comes to managing your accounts and bookkeeping; we can even help you to set up your business in the first place and manage payrolls. We’ve worked with big and small businesses of different industries, so we can shape our offering to suit your sole trader needs.

What taxes do I pay as a sole trader?

When you are a sole trader, you pay yourself based on the profits of your business, and you pay Income Tax and National Insurance Contributions on those profits. Keeping records of any drawings from the business that you take to pay yourself is important so you are on top of your accounts and helps when calculating your profits, which you eventually pay tax on. As part of your annual Self Assessment, you will also need to set aside some money to pay your personal tax bill.