Self Employed / Sole Traders
Tax Returns & Profit & Loss Accounts for Self Employed
Running a business as a sole trader or self-employed individual means keeping on top of Self-Assessment tax returns, bookkeeping, and expenses. We make the process hassle-free, ensuring you pay the right tax while maximising your income.
As a self-employed business owner or sole trader, you don’t have to file full company accounts, but you still need to keep accurate financial records and submit an annual Self-Assessment tax return to HMRC.
Getting this right is essential to avoid penalties, reduce your tax bill, and stay compliant.
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At Launch Accounts, we help sole traders and self-employed professionals with:
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Self-Assessment tax returns – Calculating your tax liability and ensuring correct submission to HMRC
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Bookkeeping & record-keeping – Organising income and expenses to simplify your tax return
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Claiming allowable expenses – Helping you maximise deductions to legally reduce your tax bill
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National Insurance contributions – Ensuring you’re paying the correct Class 2 and Class 4 NICs
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VAT registration & returns – Advising on VAT thresholds and handling VAT submissions if required
With tax laws frequently changing, our expert accounting support ensures you’re paying the right amount of tax while keeping more of what you earn.
Business Expenses
Claim all allowable expenses to reduce your tax bill and improve cash flow
Bookkeeping
Stay organised with professional bookkeeping, and Making Tax Digital.
Frequently Asked Questions
Let's Talk About Your Self-Employment
Need a hand with your self-employed accounts? Give us a shout!
As a sole trader or self-employed professional, keeping on top of taxes can be stressful. We make the process simple, helping you submit accurate tax returns and keep more of your income.
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Start the conversation today – get in touch to see how we can help.