Sole Traders

There are many advantages of running a business as a sole trader, but there are challenges too. Having the support of an accountant will help your business thrive.

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Why do sole traders need an accountant?

No matter what industry you’re in, being your own boss is one of the biggest benefits of being a sole trader.  Being your own boss can also be one of the biggest challenges as everything is down to you, including your sole trader accounts and tax return.

If you don’t have much or any accounting experience, keeping on top of your business’s finances can be challenging and take up more of your time than you would like, especially when you’re trying to juggle it with carrying out your day-to-day business. Nowadays with ever-increasing compliance and stricter regulations as well as penalties, it’s essential that your books and accounts are accurate and up to date. This will be even more crucial one Making Tax Digital (MTD) is introduced.

Our team of knowledgeable and experienced sole trader accountants are on hand to help with all your accounting needs and be a reliable, long-term financial partner. We will support you throughout your company’s lifetime and adapt to your needs, no matter how much your business grows.  

How can our accounting services help you?

Jan McDermott Chartered Accountants understand that running a business as a sole trader can be stressful and demanding enough without the extra pressure of keeping on top of your bookkeeping, staying ahead of tax deadlines, and ensuring your tax submission is correct and making the most of your tax allowances.  

As accountants for a sole trader, not only will we help you with organising paperwork, documents, and receipts, but we’ll also ensure you’re never behind on tax return deadlines, VAT bills, outstanding invoices, and more. 


If the taxable turnover of your business is more than £85,000 you need to be VAT registered. It can even be beneficial to become a VAT-registered business if your turnover is less than £85,000 to potentially recover VAT on your costs. Our specialist team of accountants for sole traders can help you with all aspects of VAT.  



How We Can Help

Unlimited professional advice

Your dedicated sole trader accountant from our team will be on hand to answer questions and offer advice to support your business growth.

The personal touch

When you’re one of our clients we will get to know your business in detail to understand your challenges and help you overcome them with a warm and friendly approach.

Real-time data anytime you need it

Our financial capabilities mean you can have access to real-time financial data and key figures so you can confidently take your business to the next level.

Want to learn more? 

Speak to one of our advisors today to discuss your business and plan for the future.

Want to learn more? 

Speak to one of our advisors today to discuss your business and plan for the future.

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Frequently Asked Questions

Alan Robson

They provide us with a fully outsourced finance function so that our own team can focus on our business. They implemented Xero software from day one of the company meaning that we have real-time visibility of our business at all times, The monthly management accounts meetings we have with Jan really add value to decision-making and strategic planning and we wouldn’t be without them.

Peter Broxton

Their professionalism, expertise and client care are outstanding and they have supported our growing business no end. They look after everything from our bookkeeping, VAT, annual accounts, as well as claiming Research & Development tax relief, preparing budgets and forecasts and assisting with grant claims. The whole team are always responsive, friendly and reliable and we wouldn’t hesitate to recommend them to anyone looking for a trustworthy and efficient firm to look after their business finance requirements.

Scott Hackett

I moved my accounts over to Jan at the beginning of the year and have been extremely impressed with her attention to detail and precision. She’s made it easy for me to understand and manage all the key aspects of my accountancy, as well as offering useful suggestions of ways to improve and make things work more efficiently for me and my business. I’d highly recommend Jan and her team to anyone looking for professional, friendly, and reliable accountants that truly get to know you and offer a tailored service.”

Alistair Evans

Jan McDermott & Co have been our accountants for over 15 years and have not only ensured our accounting records are accurate and legal, but also provided us with first class advice to help us grow. They recommended our move to Xero accounting software which has revolutionised our business, allowing us to create predictable income through the use of Go Cardless Direct Debits, and streamlining our day to day accounting operations. Jan and her team are friendly,  easy to work with and take time to understand a particular problem or situation. I wouldn’t hesitate to recommend them to any business that wants an accountancy firm they can grow with and depend on.