Sole Traders

As a Sole Trader, your time is better spent running your business than chasing receipts and spreadsheets. A professional bookkeeper keeps your finances organised, accurate, and up to date, so you always know where you stand.

With income and expenses recorded correctly, you can claim what you’re entitled to, stay compliant with HMRC, and avoid last-minute stress at tax time. Support with Making Tax Digital, adds an extra layer of confidence and easy automation.

Most importantly, using Tandem Business Solutions gives you peace of mind, freeing your time up to focus on growing your business, not your pile of paperwork.

Tandem Services working with Sole Traders

Modern Bookkeeping is software-led, not spreadsheet-led

For Sole Traders automation is essential, not just for time-saving but to make your business compliant. Bookkeeping today with us will typically include:

  • Recording income & expenses
  • Bank reconciliations
  • VAT (if registered)
  • Quarterly & annual reporting
  • Year-end figures for Self Assessment
  • MTD compliance submissions
I’ve known Stewart at Tandem Business Solutions for a good while and would thoroughly recommend him. Stewart is extremely friendly, helpful and knowledgeable. What’s more he doesn’t just get our accounts work done on time, he gets them done early and accurately, which is vitally important to any business.

Simon D.

Making Tax Digital for Income Tax (MTD ITSA)

Sole Traders and Tandem Business Solutions Making Tax Digital

Who does Making Tax Digital affect?

From April 2026 Sole Traders and landlords with a gross income of over £50,000, and from April 2027 with an income of over £30,000

What are the key requirements of Making Tax Digital?

  • Keep digital records
  • Use MTD-compatible software
  • Submit:
    • Quarterly updates (income & expenses)
    • End of Period Statement (EOPS)
    • Final Declaration

This replaces the traditional once-a-year Self Assessment process.

Tandem helps Sole Traders with Making Tax Digital

Our up to date automated approach to bookkeeping provides a solution for Sole Traders and will typically include the following workflow:

  1. Client bank account syncs automatically
  2. Transactions auto-categorised by rules
  3. Receipts captured via mobile app
  4. Weekly exception review (5–10 minutes)
  5. Quarterly MTD update generated automatically
  6. Submitted directly to HMRC
  7. Client receives tax estimate & summary

We use Making Tax Digital (MTD) compatible software for Sole Traders, including:

  • Xero
  • QuickBooks Online
  • FreeAgent
  • Sage Accounting
  • Zoho Books

These tools can often paired with Dext / Hubdoc (receipts & invoices), AutoEntry, or Zapier / Make (advanced automation). We can advise on the perfect set up for your business. 

Benefits of working with Tandem for Sole Traders

Tandem, and therefore your business, is MTD compliant by default

Your are working bookkeeping professionals and spending less admin time on your business

Real-time view of tax liabilities

Predictable quarterly workflow

Lower bookkeeping/accountancy costs

If you would like a chat to see how Tandem can help you with your business, then just Book a Call with us and we will get you on track with your bookkeeping.

BOOK A CALL
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