# Sole Trader Accountancy

Pick My Accountant (https://pickmyaccountant.co.uk/services/sole-trader/): Sole Trader Accountancy — Compare sole trader accountants from £39/month — self assessment, bookkeeping and MTD for Income Tax handled. Get matched with your accountant.

Sole traders must register with HMRC, keep records of income and expenses, and file a Self Assessment tax return each January. From April 2026, Making Tax Digital for Income Tax applies to qualifying sole traders. An accountant can handle bookkeeping, claim allowable expenses, and ensure you meet HMRC deadlines.

Typical cost: from £39 to £89 per month.

## FAQs

**Q: How much does a sole trader accountant cost?**
A: Basic sole trader packages start from around £39 per month or £300–£600 per year for annual self assessment and light bookkeeping.

**Q: When does MTD apply to sole traders?**
A: Making Tax Digital for Income Tax Self Assessment begins April 2026 for sole traders with qualifying income over £50,000, with lower thresholds following in 2027.

Source: https://pickmyaccountant.co.uk/services/sole-trader/