Our Services
Sole Trader Accountants
Sole traders are the simplest form of business, but it is vitally important you keep accurate business records and report to HMRC annually via Self Assessment, or you will be in danger of fines and potentially paying too much tax.
We help sole traders keep clear records, claim everything they are entitled to, and know when it is time to incorporate. Contact us today for a free initial consultation.
Many sole traders are unaware of the ways in which all of the essential expenditure incurred in the course of running your business should be recorded and reconciled so that you pay the right amount of tax. At Kingsley Accountancy, we can advise the best ways to ensure all of your allowable expenses are claimed.
Bookkeeping Advice
If you need to get your paperwork in order, now is the time to switch to cloud-based accountancy software. For a fixed amount per month, you can ensure that your invoices and expenses are safely stored in one place, backed up, encrypted and fully compliant with all data protection requirements.
We are experts in cloud-based accountancy software including Xero. We can set up your account, provide an initial demonstration, and be on hand whenever you need advice or extra training.
Mortgage Applications
Sole traders without accountants can have severe difficulty accessing mortgages from High Street banks. Many banks require at least two complete years of professional end-of-year accounting statements.
We are here to help you present your accounts in the most professional manner and get the mortgage offer you deserve.
Getting Ready for Making Tax Digital
Making Tax Digital for Income Tax applies from 6 April 2026 to sole traders and landlords with qualifying income over £50,000, then over £30,000 from April 2027 and over £20,000 from April 2028. Read our Making Tax Digital guide for full details.
Making Tax Digital requires compatible software. As a Xero Gold Champion Partner we recommend Xero for most businesses, and we also support Sage 50 for businesses that already use it. We can set you up and make sure you don't leave it too late.