Accounting Solutions Manchester
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Accounting Services

We offer a wide range of friendly and professional accountancy services tailored to your business needs.

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Year End Accounts Efficient year-end accounts, prepared and filed with Companies House and HMRC. Corporation Tax Smart corporation tax support to help reduce exposure and improve efficiency. VAT Services Clear VAT advice to help you register, deregister and stay fully compliant. Startups Friendly startup accountancy support to help you start properly and stay compliant. Small Business Accounting Practical small business accounting support from friendly Manchester accountants. Personal Tax Returns Self-assessment tax returns prepared properly, with advice to reduce tax liability. Company Formation Simple company formation support to help you set up correctly from day one. Payroll Reliable payroll support to keep staff paid and HMRC reporting under control. Management Accounts Regular management accounts to help you understand performance and cash flow. Book Keeping Reliable bookkeeping services tailored to your company’s growth.
Who We Help

No matter what type of business you run, whether you’re a startup, a limited company, a partnership, or a sole trader. Our goal is to make your accounting simple, stress-free, and tailored to your unique needs.

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Startups Startup accounting support to help you launch properly and stay compliant. Small Business Accounting Friendly small business accounting to keep your finances clear and organised. Limited Companies Limited company accounting support to help you stay compliant and grow confidently. Sole Traders Tailored sole trader accounting to keep your tax, records and accounts under control. Partnerships Partnership accounting support to simplify tax, accounts and financial responsibilities.
About Us

We are a firm of ACCA Qualified Accountants based in Stretford, Manchester. We have been providing exceptional service to companies and owner-managed businesses for the last 15 years.

Accounting Insights
Our Approach At Accounting Solutions Manchester, we take pride in our approach to helping small businesses. Our Reviews Read what our clients have to say about their experiences working with us.

Accounting Services

Sole Traders

We offer a tailored sole trader package that is built around you and your business. Combining this with our 20 years of experience of helping sole traders, you know you are in safe hands.

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Sole Trader

Professional Sole Trader Accounting Services

As well as assisting you to meet your tax deadlines, we provide a personal service that is tailored to you.

We don’t just deliver the sole trader accounts; we go above and beyond by providing essential insights to guide your business in the right direction. Thereby giving you peace of mind, leaving you free to concentrate on your business.

Adding Value to Your Business

We’ll take the time and care to talk through your results with you, offering valuable suggestions and helping you plan the best way forward for your self-employed business.

Recommendations

We can help you make crucial decisions that not only allow you to steer the business in the right direction but to also ensure its running efficiently and effectively.

Why Choose Our Sole Trader Services?

  • HMRC: We will help to ensure that your business is HMRC compliant.
  • Compliance: Advice on best practice ensuring your business is compliant.
  • Accounts Preparation: We will look at ways to help you save tax.
  • Bookkeeping: We can advise on HMRC rules and best practice.
  • Tax Returns: We can help to prepare your partnership return, ensuring accuracy.
  • Tax Savings: We can offer invaluable advice to help ensure your business maximises potential tax savings.
  • Meet Deadlines: Assist to ensure filing deadlines are completed on a timely manner.
  • Personal Services – that’s tailored to fit around your business and your needs.
  • Recommendations: Make valuable suggestions to help steer the business in the right direction.
  • Fixed Price: Fixed fees service with no surprise invoices. 
  • Availability: Need to speak after 5.30pm or over the weekend, no problem we are here to help you.

Feel free to reach out to us today and start saving money. Call 0161 879 7175. Our team is available to assist you and would be delighted to have a conversation with you!

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Sole Trader Frequently Asked Questions

Below are the most common questions we get asked as Sole Trade experts. Feel free to explore and discover how we can support you on your financial journey.

What is the filing deadline for a sole trader’s Self Assessment tax return in the UK?

The deadline for online filing is 31 January following the end of the tax year, while paper returns are due by 31 October.

What form does a sole trader use to file their tax return in the UK?

Sole traders file their tax return using form SA100 (Self Assessment Tax Return).

When does the UK tax year run for sole traders? 

The UK tax year runs from 6 April to 5 April of the following year.

What is the payment deadline for a sole trader’s Income Tax?

The payment deadline is 31 January after the end of the tax year, with payments on account due on 31 January and 31 July.

Do sole traders in the UK need to register for VAT?

Sole traders must register for VAT if their taxable turnover exceeds the VAT threshold, which is £90,000 as of 2024.

Can sole traders in the UK use cash basis accounting? 

Yes, sole traders with turnover of £150,000 or less can choose to use cash basis accounting, where income and expenses are recorded when money is received or paid.

How are capital gains reported by sole traders in the UK? 

Sole traders report capital gains on the Capital Gains section of the SA100 form if they have sold or disposed of assets.

What records must a sole trader keep for tax purposes? 

Sole traders must keep records of all business income and expenses, as well as records of any VAT if they are VAT registered, for at least 5 years after the 31 January filing deadline.

What is the personal allowance for a sole trader in the UK? 

The personal allowance is £12,570 for the 2023-24 tax year, meaning no Income Tax is paid on the first £12,570 of income.

Can a sole trader in the UK hire employees? 

Yes, sole traders can hire employees, but they must operate PAYE (Pay As You Earn) and meet employer obligations, including reporting to HMRC.

What happens if a sole trader’s business income fluctuates significantly? 

Sole traders can apply for a reduction in their payments on account if they expect their income to be significantly lower than the previous year’s profits.

If you have any further questions regarding your Limited Company or would like to speak to one of our accountants for friendly advice and support, please get in touch today.

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Call 0161 879 7175
Accounting Solutions Manchester

Google Stars 146 Customer Reviews

Google 5 Star Review

Accounting Solutions are by far the best accountants I’ve ever had. Jay and his team have been invaluable to my company over the years. It’s daunting starting a new business, but Accounting Solutions have provided a personalised service, support and thorough guidance. No question is too daft or too obscure for them to answer. From assisting us with the books/VAT returns through to preparing our limited company accounts and tax returns, I cannot recommend them enough. Look no further for one of the best accountants in the Manchester area.

K

Kelvin Nguyen

Google 5 Star Review

Jay from Accounting Solutions has been helping me with my business for the past 2 years. He has been an amazing help, and supported me with valuable information from best practice on tax planning, to yearly accounts and tax return.

I chose working with Jay over larger companies due to the personalised experience he offers my business. I can rely on him at any time to answer my questions and help me solve issues. And as a small business, I am grateful for the support received. Thoroughly recommended for any business looking for accounting services in Stretford.

N

Nayal Khawaja

Google 5 Star Review

I have recently set up a limited company after being a sole trader for twenty years. Jay has made navigating all the requirements for HMRC as a Ltd company, extremely understandable and much less daunting.

I would thoroughly recommend Accounting Solutions Manchester, if you need an accountant who knows his stuff, and is always available to speak with you, whenever you need some clarity or support with financial matters.

L

Lisa Lawton

Let’s Get Started Today

For a Free no-obligation consultation with our Manchester accountants, contact us today.

We’ll answer any questions you may have to help you make the right decision for your business.

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Call 0161 879 7175