Thomas & Co Accounting Services

Sole Traders

Accountants in Greater Manchester

Sole Traders

We focus on your sole trader accounts, so that you can focus on your trade.

Kieran Glanney
Kieran Glanney
02/05/2024
Since my first meeting with Dan he’s been absolutely spot on, answered all the questions I’ve had and kept everything so smooth and simple for me. Amazing service since day one, can’t fault him or the company
Jon Scriven
Jon Scriven
01/05/2024
Awesome service, always at hand to give a reply within 20 mins. Very proactive with tax forecasting and savings potential. Would recommed to anyone who wants to make the most of their hard earnt money.
Ruby Clarke
Ruby Clarke
01/05/2024
Using Thomas and Co Accounting this year for my self-assessment has been the easiest process. Daniel kept me informed at each stage, with clear instructions of exactly what was needed and at each stage provided an update. They took the stress of sorting my finances off my shoulders, would highly recommend! 🙌
Cameron Hockley
Cameron Hockley
29/04/2024
Been using the team for a year and a half. So professional and extremely helpful. Josh and Daniel have helped me more than I can explain, thank you to the team!
Sam Bines
Sam Bines
23/04/2024
Just got my end of year tax bill and was surprised at how low it was - Can’t Josh, Dan and the team enough for making everything so easy and streamlined.
Iwan Davies
Iwan Davies
21/04/2024
I’ve been working with Daniel Harris for just over 2 months, his level of detail is very impressive, he’s made my life a breeze. Highly recommend
Hope Tuition Clinic
Hope Tuition Clinic
11/04/2024
Daniel was quick and helpful with how to support a solo business. Hopefully this will continue!
Jordan Messenger
Jordan Messenger
10/04/2024
Joining my Thomas and Co has been the best decision I’ve made for my business in a long time. Working with Josh to begin and now Daniel has been amazing. Their attention to detail is second to none. Being on my catch up call with Daniel today has given me a crystal clear picture of where my business stands and what I need to do. Something I’ve never had before. If you own a business you will know how important the right accountants are. I would recommend these guys above all. Thank you for your work guys.
Jack Edge
Jack Edge
10/04/2024
Worked with Daniel and the team on tax planning and moving from sole trader to LTD, along with accountancy services. Brilliant advice from start to finish and a faultless customer experience. Highly recommend.
Tyler Goldsmith
Tyler Goldsmith
21/02/2024
The team at Thomas and Co are amazing! I’ve been working closely with Thomas, Noel and Julia! They’re very quick to answer questions and customer service is at the forefront of their values! Totally recommend

What is a Sole Trader?

You are a sole trader/ self-employed if you are the exclusive owner of a business, and are therefore entitled to any post tax profit and responsible for any losses.

Accounting tips for Sole Traders

What records do Sole Traders need to keep?

Sole traders are required to keep records of profit, expenses and invoices, as well as filing regular tax returns.

What qualifies as an expense?

If you aren’t confident on what qualifies an expense, we will talk you through it. We will explain how your sole trader expenses are offset against your turnover, meaning you don’t pay tax on that amount. Some examples of sole trader expenses include:

  • Accountancy fees
  • PPE and branded clothing
  • Travel expenses such as parking, fuel etc
  • Advertising costs
  • Business phone costs
  • Stationary
  • Staffing costs
  • Business rates and utilities

Tax returns for Sole Traders

It’s important to get your tax affairs in order so you avoid penalties down the line. The thought of filing a tax return can be overwhelming, so let us handle it. Thomas & Co Accounting take the pressure away so you can get back to business. Chat to us about your needs and any concerns (even those silly ones), then sit back and let us work our magic.

Saddleworth – Tameside - Greater Manchester

Why choose us as your Sole Trader accountant?

We take the stress out of accounting
Let our experienced professionals handle your sole trader accounting so you can focus on your business.

Cost effective
Our prices are tailored to your needs so you never pay over the odds.

Keep on top of your Sole Trader tax return
We make sure you never miss a deadline.

Explore our other accounting services

Limited Companies

Sole Traders

Bookkeeping

Personal Tax

Landlords

Payroll

Business Start Up

Not Your Everyday Accountant

We are invested in you. Is there something worrying you?

Let us take away the pressure so you can focus on the bigger picture, growing your business. Got concerns about that too? Ask us, our expertise helps you plan for the future and reach your goals. At Thomas & Co Accounting we have streamlined our service using the latest cloud accounting software, this allows us to provide the highest level of customer service to our clients and calm any financial anxieties.