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The Importance of Choosing a Specialist Accountant For Self Employed Sole Trader

If you are self employed, you have essentially employed yourself.
A self employed person runs a business as a sole trader, and has an array of tax obligations as a result. For example, they would have to file a Self Assessment tax return and pay Class 2 and Class 4 National Insurance contributions every year.

However, a self employed person can also arrange for an accountant to assist them in satisfying all of these requirements. This service can become especially valuable as the client’s business grows and potentially takes on more staff, potentially throwing up more accountancy complications.

Though you don’t legally ‘need’ to engage an accountant if you are self employed, you could find that, in practice, outsourcing many of your accountancy responsibilities makes it much easier for you to free up time and money as well as stay compliant with tax law.

Why You Need an Accountant That Specialises in Self-Employed Tax

When it comes to filing your tax return at the end of the year, it can leave you scratching your head, worrying if you’ve done something wrong. Here are some of the benefits of letting a professional self-employment tax specialist take the reigns.

  • They get it: Experts in self assessment tax returns are up-to-date with any new tax codes, deductions you claim for, or any recent changes that impact your business, to ensure you can capitalise on tax savings.
  • They can advise: Self-assessment tax accountant specialists can also advise you on elements of your business, such as where being a sole trader is actually the best option for you, or whether a limited company might be a better option. They can outline the pros and cons of each option, helping you maximise your profits and only pay what you owe in tax.
  • Record keeping: A highly skilled accountant will also handle your record keeping, which makes the process of paying tax at the end of the tax year much less hassle.
  • Lower your tax obligations: One of the biggest benefits of a self-employment tax expert is that they can help reduce how much tax you pay, without breaking any laws along the way.
  • Auditing: If your business bank account gets audited, an expert accountant can help you provide all the information required of you.
  • Peace of mind: Filing taxes as a self-employed person can be complex and stressful. An accountant handles it for you and makes sure it’s done right.
accountant for self employed
Steve, a Specialist Accountant for Self Employed Individuals.

The Importance of Self-Employed People Paying Their Tax Bill on Time

  • Avoid penalties and interest: Paying late can lead to financial penalties, interest charges, and other fees imposed by HMRC. Pay on time to avoid these added costs.
  • Maintain a good record: Paying tax liabilities on time helps maintain a clean compliance record. This can be beneficial if you ever get audited or apply for financing.
  • Remain in good legal standing: Not paying taxes can potentially lead to harsh penalties like fines or even imprisonment in extreme cases. Pay on time to avoid legal issues.
  • Plan for next year’s liability: Paying on time helps you accurately calculate what you’ll owe next year based on this year’s records.

How AccountantFor Can Help You With Your Tax Returns

We are highly experienced in helping clients just like you discover the perfect self-employed accountant services, without any financial cost to you.

All you need to do is click here, input your details, and we will put you in touch with the best self-employment tax expert for your needs.

From there, we can discuss your bespoke requirements with you in-depth before sourcing you a highly trained accountant ready to advise you on a wide range of accountancy matters.

Do You Want a Little More Information About Us?

Whether you need a little more information about us and how our matching system works, or you have any tax return-related questions, get in touch with us today.

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Get Matched With A Self-Employment Accountant Now

Discover Your Expert in Five Simple Steps

  • Tell us about your business: For starters, provide us with a little bit of information about your business, so that we can determine suitable accountants for your industry niche.
  • Tell us about your average turnover: Next, we will ask you for your average turnover. This information lets us put you in contact with a self-employment tax expert who specialises in businesses of your size.
  • Tell us what services you are interested in: Whether you want information on tax-allowable expenses, self-assessment tax returns, or anything in between, we’ve got you covered.
  • Tell us where you want your accountant to be located: At AccountantFor, we take clarity and transparency very seriously, which is why we are clear about where your accountants are based, and only put you in contact with experts from your chosen countries.
  • Tell us your details: Finally, provide us with your name and contact details so that we can send your unique quote once it is ready.

Frequently Asked Questions About Tax Liability as a Self Employed Sole Trader

Do I need an accountant if self-employed?

While having an accountant as a sole trader is not a legal requirement to pay tax, self-employed individuals can save much more money working with an expert in self-employment tax.

How much is an accountant UK for self-employed?

Accountant fees vary depending on who you work with, but we will put you in touch with several different options to pick the right on for you.

Is it worth getting an accountant for self assessment?

While it might seem like an avoidable cost in June or July, when the end of the tax year comes around, you will be extremely grateful you invested in an accountant to handle your tax return.
Not only will it save you plenty of time and effort, but it will also help you save tax costs, as they know the sole-trader accountancy laws inside out.

What is income tax, and do I need to pay it?

Yes, as a sole trader in the UK you do need to pay income tax on your business profits. A self-employment tax specialist can help you claim tax relief and expenses, to ensure you are not overpaying at the end of the tax year.

How do I complete a self assessment?

To complete a self assessment, you need to register with HMRC, file your tax return online by the deadline, and pay any tax owed by the payment deadline.

What are my national insurance contributions?

Your national insurance contributions as a self-employed individual depend on your profits, but generally, you pay Class 2 NICs at a flat weekly rate and Class 4 NICs at 9% of profits between £9,569 and £50,270 annually.

Self Employed Accountancy Services

AccountantFor provides a comprehensive range of accountancy and tax services for self-employed individuals through our exclusive network of vetted accountancy talent within the United Kingdom.


– Statutory accounts
– Management accounts
– Financial planning
– Bookkeeping
– Business plan
– Growth modelling


– Tax investigation service
– Capital gains tax
– Tax advice and consultancy


– Company formation
– Registered office address
– Self-assessment
– Payroll services
– Corporation tax

Get in touch today, and tell us about your requirements…