Accountants for Sole Traders & Contractors

Smart Accounting for Hardworking Sole Traders & Contractors 


Whether you’re keeping up with invoices, tracking expenses, or preparing for tax deadlines, we’ve got it covered. We ensure your accounts are accurate, organised, and ready for year-end—so you don’t have to.

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Self-assessment? Business expenses? Tax planning?


We take care of it all, making sure you claim everything you’re entitled to and never miss a deadline. No stress, no surprises—just expert support.

			

				
				
				
				
				

					

					

						
Fees & Pricing

						
Our Sole Trader & Contractor accounting services start from £35 per month + VAT, with pricing tailored to your specific needs.


We offer clear, fixed monthly fees, so you always know what to expect—no surprises, just expert support at a fair price.

					

				

			

			

				
				
				
				
				

				
				
				
				
				
				

					








Lorraine is fantastic, she is highly knowledgeable, professional, and detail-oriented, ensuring that every aspect of my finances is handled with precision. Whether it’s tax preparation, financial planning, or offering me alternative advice she always takes the time to explain everything in a way that’s easy to understand.



					Joanna Stacey
					

				

			

			

				
				
				
				
			

				

				
				
				
				
				

				
				
				
				
				

					

					

						
Self-Assessment Tax Returns

						
Filing your tax return doesn’t have to be a headache. We’ll prepare, check, and submit your self-assessment to HMRC, ensuring accuracy and claiming all eligible expenses to minimise your tax bill. No last-minute panic, just stress-free tax filing.

					

				

			

			

				
				
				
				
				

				
				
				
				
				

					

					

						
Tax Planning & Advice

						
Paying tax is inevitable—paying too much isn’t. We provide expert tax planning tailored to sole traders and contractors, helping you reduce liabilities, maximise allowances, and plan for the future.

					

				

			

			

				
				
				
				
				

				
				
				
				
				

					

					

						
Business Expenses & Allowances

						
Not sure what you can and can’t claim? We’ll make sure you claim every allowable business expense, from mileage and equipment to home office costs—so you don’t pay more tax than you should.

					

				

			

			

				
				
				
				
			

				

				
				
				
				
				

				
				
				
				
				

					

					

						
Making Tax Digital (MTD) Compliance

						
Making Tax Digital (MTD) Compliance With MTD for Income Tax on the horizon, we’ll help you transition to cloud accounting software like Xero or QuickBooks, ensuring fully digital, HMRC-compliant record-keeping and submissions.

					

				

			

			

				
				
				
				
				

				
				
				
				
				

					

					

						
Optional Bolt-On: CIS Support

						
If you work in construction, we can handle your CIS returns, ensuring the right deductions are made and helping you reclaim any overpaid tax quickly and efficiently.

					

				

			

			

				
				
				
				
			

				

				
				
				
				
				

				
				
				
				
				
Being self-employed comes with enough challenges—your accounts don’t have to be one of them.


We take care of self-assessment, tax planning, and expenses so you can stay compliant, maximise your earnings, and focus on doing what you do best.

				
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A truly excellent accountancy service, Lorraine made being self-employed much less stressful.

					Stephen
					

				

			

				
				
				
				
				
				

					
I would highly recommend Lorraine to anyone. She has been extremely helpful in setting up my new business and helping me with small tax issues with great efficiency. Thank you Lorraine. Much appreciated.

					Andrew Drummond
					

				

			

			

				
				
				
				
				

				
				
				
				
				
				

					






From our initial consultation I knew that LM Accounting was the right choice for me. I had little experience of being a self employed practitioner and Lorraine has been a wealth of knowledge. My tax return stressors were removed and submitted by LM Accounting. I feel any information or financial guidance has been provided in a professional and articulate manner with clarity when required. I feel I have my business needs securely taken care of while I focus on building my counselling practice. It is without any hesitation I recommend this exceptional accountant!

					Kerry Harris
					

				

			

			

				
				
				
				
			

				
				
			

				
				
				
				
				
				
				

				

				
				
				
				
				

				
				
				
				
				
Sole Traders & Contractors – FAQs

			

			

				
				
				
				
			

				

				
				
				
				
				

				
				
				
				
				
Do I need an accountant as a sole trader?

				
While you’re not legally required to have an accountant, managing tax, expenses, and compliance on your own can be time-consuming and stressful. 


We ensure your self-assessment is accurate, tax-efficient, and submitted on time, so you can focus on running your business.

			

				
				
				
				
				
What’s included in your sole trader accounting service?

				
Our service includes self-assessment tax returns, tax planning, and Making Tax Digital (MTD) support. 


We help you stay compliant, maximise deductions, and avoid costly tax mistakes. Additional services like bookkeeping, VAT, and CIS returns can be added as needed.

			

				
				
				
				
				
How much does it cost?

				
Our Sole Trader & Contractor accounting services start from £35 per month + VAT, with fixed pricing tailored to your business needs. 


No hidden fees, just straightforward, expert support.

			

				
				
				
				
				
Can you help with Making Tax Digital (MTD) for sole traders?

				
Yes! MTD for Income Tax is coming, and we help sole traders transition to cloud accounting software like Xero or QuickBooks to ensure compliance and make tax filing easier.

			

			

				
				
				
				
				

				
				
				
				
				
Can you help me reduce my tax bill?

				
Absolutely! We make sure you claim all allowable expenses and advise on tax-saving strategies, so you only pay what you need to—nothing more.

			

				
				
				
				
				
Can I claim expenses if I work from home?

				
Yes! Sole traders can claim a portion of household bills (such as rent, utilities, and broadband) as business expenses. 


We’ll help you calculate and claim the maximum allowable amount.

			

				
				
				
				
				
What if I work in construction under CIS?

				
If you’re a CIS subcontractor, we can handle your CIS returns and tax reclaims, ensuring you get back any overpaid tax quickly. 


CIS support is available as an optional bolt-on service.

			

				
				
				
				
				
Do I need to be local to work with you?

				
Nope! We work with sole traders across the UK, handling everything online or over the phone. 


Whether you prefer emails, Zoom calls, or an old-fashioned chat, we’re always here to help.

			

			

				
				
				
				
			

				
				
			

				
				
				
				
				
				
				

				

				
				
				
				
				

				
				
				
				
				
You Run Your Business – We’ll Handle the Numbers


We take care of self-assessment, tax planning, and expenses so you can stay compliant, maximise your earnings, and focus on doing what you do best.


Book a free discovery call to see how we can help, or get started today with expert, stress-free accounting support.

				
Sort My Sole Trader Accounts *

			

				
				
				
				
				
*No pressure, no jargon, just a friendly chat about how we can help.