Thomas & Co Accounting Services

Sole Traders

Accountants in Greater Manchester

Sole Traders

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

dillon brennan
dillon brennan
04/12/2022
Very professional would definitely recommend
ASTARCLEANS LTD
ASTARCLEANS LTD
02/11/2022
Fantastic accountants ! Highly recommend . Aftercare is always there from Josh and James and worth every penny of their services . Thank you both
Darren Smith
Darren Smith
23/10/2022
I was having an issue with hmrc from a previous accountant. Josh sorted the issue very quickly and I would recommend his services to anybody.
James Vogle
James Vogle
21/10/2022
this accountancy firm changed my life - Josh and his team are absolute workhorses - no more 3 weeks for a response from my old accountant! Finally someone that helps me understand my business and my finances so I feel on track all the time rather than panicking at end of year!
Primo Sports
Primo Sports
21/10/2022
Josh has been our accountant for the past few months and he has changed the way we have done things in terms of financials. Learning from mistakes we’ve made in our first 2 years in business highlighting all the places where we could of improved over that time. Made our lives 10x easier. Highly recommend 👍🏼
Scott Walker
Scott Walker
21/10/2022
Josh deals with my personal tax and both of my businesses and professional from the outset, he is very knowledgeable, and always at the other end of the phone when needed.
elliot fish
elliot fish
21/10/2022
Absolutley amazing customer service and really helpful! Highly reccommend
Naomi Bolt
Naomi Bolt
15/08/2022
It has been a pleasure working with James! He’s made this process smooth and put my mind at ease by thoroughly explaining everything I needed to know. All communication is given in a timely manner and I feel comfortable to reach out if I need further explanation. Great for small businesses/freelancers, I would highly recommend!
Tom Brennan
Tom Brennan
19/07/2022
Great service & business to work with. Wouldn't take my accountancy requirements anywhere else.
Adam Rowlands
Adam Rowlands
02/07/2022
Josh has been my accountant for years, he is a great guy and always goes the extra mile, don't know what I would do without him. Thanks for everything!

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 I need to keep?

You 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 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. 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 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 tax return
We make sure you never miss a deadline.

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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.