Service

Sole Traders

Trusted Accountants for Sole Traders

At Peter Hodgson & Co., we understand that as a sole trader, you’re often juggling multiple responsibilities — from running your business to managing clients and everything in between. It’s easy for bookkeeping and tax matters to slip down the list, which is why having a reliable accountant by your side is so important.

Our dedicated sole trader accounting service is designed to give you complete peace of mind. We take care of your financial records, tax returns, and compliance requirements, allowing you to focus on what you do best — running your business. Throughout the year, you’ll have access to unlimited help and practical advice from our experienced team.

We take the time to understand your business and your goals, ensuring your accounts are handled efficiently and your operations remain as tax-effective as possible. With our proactive approach, we’ll identify opportunities to improve profitability and help your business reach its full potential.

Smart Accounting Software for Sole Traders At Peter Hodgson & Co.

We believe in combining traditional expertise with modern technology. That’s why, as part of our sole trader accounting package, you’ll gain access to QuickBooks — one of the UK’s leading accounting platforms — seamlessly paired with Dext for easy receipt and expense management (where required). As QuickBooks Platinum Partners, we know how powerful this software can be for sole traders. It’s intuitive, reliable, and gives you a clear real-time view of your finances — anytime, anywhere. Our clients love how effortlessly they can stay organised, track income and expenses, and manage their records directly through the QuickBooks mobile app. Every client is supported by a QuickBooks-certified accountant from our team, ensuring you’re getting the most from the software and your accounting setup. With cloud-based technology, you and your accountant are always looking at the same data in real time, making collaboration simple, efficient, and stress-free.

Our Services for Sole Traders

1. Annual Accounts Preparation

We prepare clear, compliant annual accounts that give you an accurate picture of your business performance. Our reports go beyond the numbers — helping you understand where your money is going and how to make smarter financial decisions.

2. Self-Assessment Tax Returns

Our tax experts handle all aspects of your self-assessment, ensuring everything is filed accurately and on time. We’ll identify allowable expenses, optimise your tax position, and help you avoid any costly penalties — leaving you free to focus on your business.

3. Bookkeeping & Record Keeping

Accurate bookkeeping is the foundation of good business. We manage your day-to-day financial records using QuickBooks and Dext, ensuring everything stays organised, compliant, and always up to date. You’ll always have real-time access to your financial data from any device.

4. VAT Returns (if applicable)

If your business is VAT-registered, we’ll take care of your quarterly returns, ensuring compliance with HMRC regulations. We’ll also advise on the most efficient VAT scheme for your business to help maximise cash flow.

5. Business & Tax Planning

We go beyond compliance by providing forward-thinking advice to help you grow. From setting aside the right amount for tax to advising on incorporation, pension contributions, or profit reinvestment, we’ll help you make the right financial decisions at every stage.

6. Payroll Services (for employing sole traders)

If you employ staff, we’ll manage your payroll, PAYE, and pension submissions, ensuring your employees are paid correctly and that you stay compliant with employment tax obligations.

Why Sole Traders Choose Peter Hodgson & Co.

  • Trusted partner – decades of experience supporting sole traders and small businesses.
  • ICAEW registered – committed to the highest standards of integrity and professionalism.
  • Cloud-based accounting – work seamlessly with us using QuickBooks and Dext.
  • Personal service – direct access to your dedicated accountant throughout the year.
  • Proactive advice – helping you stay tax-efficient and financially secure.

Take control of your finances with confidence.
Contact Peter Hodgson & Co. today to find out how our experienced accountants can help you manage your business more efficiently and achieve your financial goals.

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Providing expert accounting solutions for businesses of all sizes

FAQ

Explore your financial queries answered

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How can I get started?

To get started, simply fill out our contact form or give us a call. Our team will guide you through the process.

What types of businesses require a statutory audit?

In the UK, an audit is mandatory for companies that exceed certain size thresholds or are part of a larger group. However, many SMEs choose a voluntary audit to gain valuable insights into financial performance, strengthen stakeholder confidence, and improve internal controls.

What are the main benefits of having an audit?

An audit provides independent assurance that your financial statements are accurate and compliant. It can also highlight inefficiencies, strengthen governance, and help attract investors or secure financing by demonstrating transparency and sound financial management.

How can you help reduce my company’s tax bill?

Our tax specialists identify legitimate reliefs, allowances, and planning opportunities to help you optimise your tax position while staying fully compliant. We provide year-round support, not just at filing time, so you can plan ahead and make tax-efficient business decisions.

How to switch accountants in one easy step?

We appreciate that changing accountants can be time consuming but that’s not the case when you move to Peter Hodgson & Co.
Simply drop an email or note to your existing accountant informing them that you’re moving to us, copy us on the email and we’ll do the rest. It’s as easy as that.
If you have any questions please call us on 01892 515 733 Or email reception@peterhodgson.co.uk

Do you offer tax planning for both businesses and individuals?

Yes — we advise limited companies, partnerships, and sole traders, as well as directors and business owners on personal tax. Our goal is to create integrated tax strategies that work across your business and personal finances.

Do you work with cloud accounting software like QuickBooks or Xero?

Yes. We’re experienced with all major cloud platforms, including Xero, QuickBooks, and Sage. We can help you transition to digital accounting and make the most of real-time financial data for better business decisions.

What accounting services do you provide for SMEs?

We provide a full range of accounting services for SMEs, including statutory accounts, tax compliance, bookkeeping, payroll, VAT, audit and advisory support. Our service is designed to keep your business compliant, efficient and financially well-managed as it grows.

We offer a full range of accounting solutions including bookkeeping, management accounts, year-end accounts, VAT returns, and cloud accounting setup. Our partner-led approach ensures every client receives tailored support and clear financial insights.

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