Self Employment

Self employed, or sole traders, are required to submit a tax return to HMRC every year. The tax return consists of their trading information showing the sales and expenses during the year. Digital Tax provide sole traders an annual tax return but also offer a Profit and Loss account to clearly show how the business is trading and any potential areas for growth or restructure.


Self Employed vs Limited Company

Sometimes trading as a sole trader may not be the most tax efficient for your situation. We offer support and guidance on whats most tax efficient for you and help you decide on how to move forward. We can calculate an estimated tax liability and help you understand the advantages of possibly changing.

Accounting Software

We provide you with the latest accounting software to manage your sole trader bookkeeping. This gives you real insight into tracking cashflow and getting paid faster. We offer FreeAgent as a standard but you can upgrade to Xero if you prefer.

How Much Does it Cost

Our ‘One’ package starts at £49.00 a month which includes the software to manage your finances.

how can we help you?

If you have any questions about any of our services, please contact us

Digital Tax were clearly experts in their field and demonstrated the willingness to go above and beyond in helping a small business and clearly understood the issues attributed to an SME.

T Plus Limited
James Dawson, Director

Our Sole Trader Services

FreeAgent Software

For Sole Traders we recommend FreeAgent software to manage your finances. This gives you an excellent overview of your business and helps you manage invoices. You can read more on FreeAgent here

Sole Trader Accounts

We compile sole trader accounts based upon your accounting data showing you the profit and loss of the business throughout the accounting year.

Self Assessment Tax return

From your accounting reports, we then enter this information onto your self assessment tax return. We then generate the tax return plus any other income sources for your review.

VAT Returns

With the use of accounting systems, easily manage your VAT returns with clear updates showing how much VAT is upcoming and when it will be due to be filed and paid to HMRC.

Excellent Support

Our sole trader packages offer excellent support all year round so that we can help you with queries on your business.

Advice On Going Limited

You may reach a stage where it may be more tax efficient to trade as a Limited Company so we can help guide you on this to see what options would be best financially for you and your business.

Affordable Pricing

From £49.00 per month

Our ‘One’ package includes:

+ FreeAgent licence

+ Sole Trader Accounts

+ Self Assessment tax return

Add-On Services

Additional services to create your perfect package

+ VAT Returns

+ Bookkeeping

+ Management accounts


Any questions?