Accounting For Sole Traders

As a sole trader, you want to focus on growing your business and making sure that you have an accountant who understands your industry. As specialist accountants for self-employed individuals, our all-inclusive package includes online accounting software that makes raising invoices, recording expenses and checking who’s paid you super-easy.

As a leading firm of Chartered Accountants, we don’t employ any unqualified “advisors” or “account managers”. Instead you will have a dedicated accountant, who will get to know you and your business and help you minimise your tax and file all your accountancy and tax returns on time. You can ask your dedicated accountant for unlimited support throughout the year to answer any queries you have at all.

Why Sole Traders Like Us

As modern accountants for sole traders, we don’t expect you to use out of date spreadsheets or in-house software designed to tie you down. Instead, we give you a free subscription to multi-award winning accounting software – FreeAgent or Xero.

You will have 24/7 real time information on your figures and your personal accountant can advise you anytime on VAT, invoicing, expenses, profit and much more.

Our service is ideal for any self-employed sole traders and we can even cater for when you want to take the next step of hiring employees or setting up a limited company.

  • We get to know you
  • You have one point of contact
  • We take care of the numbers
  • We deliver on our promises
  • Your accounting software is included
  • We have an eye for detail

Sole Trader Packages

Sole Trader Package

  • For Freelancers operating without a Ltd company

  • Personal Accountant
  • Full support throughout the year
  • HMRC tax registrations
  • VAT returns
  • Annual business accounts
  • Self assessment tax return
  • Quarterly reviews
  • Expense advice
  • FreeAgent Software Subscription

Request a call back

Simply complete the form and we will get in touch.


We find it helpful to answer some questions upfront. Feel free to get in touch to speak to the team.

Is it easy to switch from my current accountant to 3 Wise Bears?

Yes, it is a straightforward process. Simply let us know your existing accountant’s details and we’ll take care of the rest.

What is the difference between accountants and chartered accountants?

Although unqualified accountants are subject to the same laws as chartered accountants, ICAEW Chartered Accountants are bound by their Code of Ethics and subject to their disciplinary procedures. 3 Wise Bears are Chartered Accountants.

Are there any other costs that I should be aware of?

It depends on your current situation and if there are any extra services you require. If you need us to file your self-assessment too then simply let us know a few details about your income sources and we will provide a quote.

Which online accounting software do you recommend?

We are FreeAgent premium partners and a Xero partner/certified advisor. We will always recommend what best suits your business needs. Get in touch to find out more.

What are the next steps?

Simply contact us by phone or via one of our web forms. We will then provide a quote and advise on the steps to welcome you onboard.