Accountants for Sole Traders & Self-Employed
Maximize Deductions, Minimize Tax
We specialise in providing tailored accounting solutions to help individuals like you handle bookkeeping, tax returns, compliance, payroll and VAT registration with ease. Whether you’re a freelancer, contractor, or small business owner, our UK-based accountants are here to support you every step of the way.
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UK businesses trust us with their finances
Dedicated Finance Team
Real accountants. Real tax expertise
ROI-Focused Accounting
Our clients save more than they pay us
Payroll, VAT & Corp. Tax
Complete compliance under one roof
How Reflex helps you Maximise Every Deduction for Your Sole Trader Business
We help sole traders and self-employed professionals legally reduce their tax bill by identifying every allowable expense and relief, so you keep more of what you earn.
Business Running Costs
Day-to-day costs like office supplies, phone bills, internet, stationery, and utilities are allowable expenses that reduce your taxable profit. We track and categorise every cost to make sure it’s claimed correctly and maximises your deduction each year.
Travel & Vehicle Expenses
Mileage for business journeys, public transport fares, hotel stays for client meetings or events, and even a fair proportion of fuel and maintenance (when used for work) can lower your tax bill. We calculate legitimate business travel costs and claim them accurately.
Equipment & Capital Allowances
Tools, laptops, phones, software, and other equipment used in your trade qualify for tax relief, either as expenses or through capital allowances. We help you claim the most beneficial treatment so you get the maximum deduction possible.
Professional Fees & Subscriptions
Accountancy fees, bank charges, insurance related to your trade, professional memberships, training courses and legal fees (when business-related) are all deductible. We ensure every fee you pay that’s tax-allowable is included in your claim.
Marketing & Advertising Costs
Website costs, advertising, social media promotions, directories and promotional materials are fully tax deductible. We capture all your marketing spend so you can reduce taxable profit without missing a claim.
Request a quote or ask for advice
We work with a wide range of businesses on a national level and can give you the friendly and expert accounting advice you need.
Common Accounting Challenges Sole Traders and Self-Employed Face
Paying too much tax?
We identify hidden deductions like home office costs, equipment, professional fees, and vehicle expenses, then restructure your business for maximum tax efficiency.
Drowning in invoices, receipts, and paperwork?
Tracking income from multiple clients, and managing VAT records creates chaos. We organize everything, and ensure your financial records are audit-ready
Lacking professional guidance on tax planning?
You get clear, strategic advice tailored to your business, no guesswork, no surprises.
Dealing with complex VAT, payroll, or corporation tax?
We handle the complexity for you, ensuring accuracy and full compliance at every stage
Worried about tax deadlines?
Estimated tax payments, and NI contributions confuse most self-employed people. We handle submission, and compliance so you never miss deadlines.
FAQs
How much can I save on tax as a self-employed person with a professional accountant?
Most self-employed individuals overpay tax by £2,000–£5,000 annually by missing legitimate deductions. Our accountants identify expenses you might overlook like home office costs, equipment, professional fees, travel, and more.
At what point should I switch from Sole Trader to Limited Company?
Typically, when your profits exceed £50,000, the tax savings of a Limited Company become significant. We can calculate the exact “tipping point” for your business
What documents should I keep as a self-employed person?
Keep all income records (invoices, receipts, bank statements), expense receipts (home office, equipment, supplies, travel), VAT records (if registered), and National Insurance documents.
What are my legal obligations as a sole trader when it comes to accounting?
As a sole trader, you must file a Self Assessment tax return annually with HMRC, report your income and expenses, and pay tax on your profits. You must also pay National Insurance contributions.
When should I register for VAT as a sole trader, and will it affect my tax bill?
You must register for VAT if your turnover exceeds £85,000 in a 12-month period. Registering earlier is optional and can be beneficial if you’re selling to businesses (you can reclaim VAT on expenses).
When do I need to register as a sole trader?
You should register with HMRC as soon as you start trading. The absolute deadline is 5th October in your business’s second tax year to avoid penalties.
Comprehensive Accounting & Financial Solutions
Expert accounting services tailored to meet your business needs
Audit & Assurance Services
Independent audits for compliance, risk management, and financial transparency.
Bookkeeping & Payroll Services
Accurate financial record-keeping and seamless payroll processing.
Tax & VAT Advisory Services
Proactive tax strategies to optimize savings and ensure compliance.
Financial Planning & Business Advisory
Strategic guidance to drive long-term profitability and growth.
Why Choose Reflex Accounting
Our expert accountants help businesses reduce tax liabilities, increase profitability, and streamline financial management.
Proactive Problem-Solving
We go beyond just number-crunching. Our team takes the time to understand your financial challenges, offering strategic solutions to help you achieve your business and personal goals.
Approachable & Client-Focused
We understand that finance and audits can be overwhelming. That’s why our friendly team is always available to offer expert guidance, ensuring you feel confident and informed.
Time & Tax Efficiency
By managing your audits and tax obligations, we free up your time so you can focus on scaling your business. Our expert tax strategies have saved our clients significant amounts in tax liabilities.
Future-Ready & Tech-Driven
We embrace cloud-based, paperless accountancy solutions, bringing efficiency and modern innovations to financial management.
Struggling with Finances?
Let Reflex Accounting Handle It!
Focus on growing your business—not managing HMRC paperwork, audits & payroll
