Simplify Your Finances with Expert Sole Trader Accounting Services
Smarter Tools, Expert Advice, and Reliable Sole Trader Accounting Services
Expert Guidance
Our experienced sole trader accountants manage your sole trader bookkeeping, accounts, and tax returns, ensuring full HMRC compliance, no missed deadlines, and peace of mind with every aspect of your sole trader accounting.
Smart Software
Personalised Support
Expert Sole Trader Accounting Services
You don’t have to drown in receipts. Our sole trader bookkeeping uses trusted tools like Xero or QuickBooks to keep your records tidy and HMRC-compliant. This means real insight into your finances, and more time to focus on your actual work.
Filing your tax return doesn’t have to be a yearly headache. Our experienced sole trader accountants take care of your self-assessment from start to finish, gathering the right data, submitting everything correctly, and making sure you avoid penalties. It’s one less thing to worry about, and one more thing done right.
When it’s time to file your year-end accounts, we make sure nothing is missed. Our detailed preparation of sole trader accounts gives you a true picture of your business finances. Everything is formatted for HMRC requirements and tailored to reflect your unique trading activity.
If your business is VAT registered, we manage the entire process for you. From VAT registration to calculating and submitting returns, our accountants for sole traders ensure everything is handled correctly and on time. We keep your business fully compliant while helping you understand exactly what you’re paying.
Why pay more tax than you need to? Our proactive tax planning service helps you claim what you're entitled to and minimise your liability within the law. Your dedicated sole trader accountant will walk you through every opportunity to legally reduce your tax bill and maximise your income.
We will help you move to smart, digital accounting. From choosing the right accounting software for sole traders to providing full setup and training, we make the transition seamless and efficient.
Whether you’re just starting out or making a switch, we handle your registration with HMRC, set up your UTR, and help you decide whether operating as a sole trader or limited company is right for you.
Mistakes happen, and when they do, we’ve got your back. If you receive a penalty or face a dispute with HMRC, our expert team will step in immediately. We’ll handle the appeals process, draft professional responses, and speak to HMRC on your behalf through our trusted sole trader accounting services.
Making Tax Digital is no longer optional. We’ll help you stay on the right side of the rules by migrating your records into HMRC-approved sole trader accounting software. Once you’re set up, we’ll automate your quarterly filings to keep you compliant without lifting a finger.
Who We Help
- Freelancers and consultants
- Tradespeople and contractors
- Creatives, designers, and IT professionals
- Health, wellness and beauty practitioners
- eCommerce sellers and online service providers
- Self-employed professionals working remotely or on-site
Registering Your Business with HMRC
Starting out as a sole trader means you need to register with HMRC if your earnings go above £1,000 a year. The deadline for this is 5 October after the tax year ends and missing it can lead to fines or complications.
At Lanop, we take care of the entire registration process for you. From signing you up with HMRC to getting your Unique Taxpayer Reference, we handle it all. We’ll also explain exactly what records you need to keep, so you stay organised and compliant without any guesswork.
Common Challenges Sole Traders Face
- Inaccurate or incomplete records
- Missing tax deadlines or paying penalties
- Using outdated or no accounting software
- Confusion about what expenses can be claimed
- Difficulty managing VAT and HMRC expectations
Expert Support for HMRC Penalty Appeals and Dispute Resolution
If you’ve missed a Self-Assessment deadline or faced a penalty from HMRC, you’re not alone, and there is usually a way to resolve the issue. HMRC penalties start at £100 but can quickly increase with daily charges and further fees if left unchallenged.
At Lanop, our sole trader accounting services include guiding you through this process. We carefully review your situation and, when appropriate, prepare a detailed appeal on your behalf, explaining any “reasonable excuse” such as illness, family emergencies, or technical problems. You won’t have to face HMRC alone, as we manage all communication to make the process as smooth as possible.
How It Works
- Free consultation to understand your goals
- Income & platform review, UK and global
- Accounting setup, cloud-based, fully digital
- Ongoing support, tax planning, filings, WhatsApp access
- International advisory, for relocation, expansion, and UAE structuring
Seamless Making Tax Digital Compliance and Filing Support for Sole Traders
From April 2026, if your self-employed income is over £50,000, quarterly submissions will replace the single annual Self-Assessment. A year later, in April 2027, the threshold lowers to £30,000, bringing most sole traders into the MTD system.
At Lanop, we make sure your transition to digital reporting is simple and stress-free. As part of our sole trader accounting services, we provide full MTD setup and support, including:
1- Choosing and setting up HMRC-recognised software like Xero, QuickBooks, or Zoho Books
2- Linking your bank feeds and invoices for real-time recordkeeping
3- Generating and reviewing quarterly summaries to ensure accuracy before each submission
Our experienced team will also train you to use your chosen platform confidently. Before anything is submitted, we review every return for accuracy, so you stay compliant and penalty-free.
Still using spreadsheets or paper records? No problem. We’ll safely migrate your data, clean up any gaps, and get your business fully MTD-ready without the last-minute panic.
Our Identity
Our team of specialized chartered tax advisors and accountants delivers a full spectrum of services including tax planning, bookkeeping, VAT, payroll, and virtual finance director support all designed to help you manage your business more efficiently and confidently.
We believe accounting is more than numbers it’s about empowering your journey through modern finance. That means applying strategic insight, breaking down complex financial processes, and acting as your trusted partner not just submitting filings.
Put simply, Lanop Business & Tax Advisors is more than an accounting firm we are your strategic ally, dedicated to guiding your financial success with integrity, precision,
