Sole Trader Accounts · East of England
Sole trader accounts in Yelling
If you trade as a sole trader in Yelling and your records are a bank statement and a bag of receipts, that is fine. We rebuild the year, tell you what you can claim, and produce accounts you can rely on. From £149 for the self-employed across East of England, with monthly bookkeeping available if you would rather never have a shoebox again.
from £149 · fixed, per year
Next deadlines
- Online Self Assessment filing deadline and balancing payment due
- Tax year ends: last day for pension, ISA and dividend timing decisions
- Making Tax Digital for Income Tax: quarterly updates for sole traders and landlords over £50,000 (from April 2026) and over £30,000 (from April 2027)
- Second payment on account due
Who this is for
Sole Trader Accounts for Yelling
Self-employed people in Yelling trading in their own name: tradespeople, drivers and couriers, hairdressers and beauticians, consultants, creatives, market traders, therapists, tutors and anyone else running a business without a limited company, from a first-year side business to an established trade with a van, equipment and a few thousand transactions a year.
What is included
Everything inside the fixed fee
- Income and expenditure account for the tax year or your accounting period, with a balance sheet where you want one
- Every expense category reviewed for what is allowable, including home working, vehicles and the trading allowance
- Capital allowances on equipment and vehicles, with the cash basis or accruals basis chosen to suit you
- A plain-English summary: profit, tax and National Insurance due, payments on account and what to put aside
- Figures prepared in the format the Self Assessment self-employment pages need
- Records organised and stored so that an HMRC check can be answered quickly
How it works
Sole Trader Accounts from Yelling, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Yelling
One fixed fee for sole trader accounts in Yelling, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Yelling is left to the last week. Each deadline relevant to sole trader accounts is tracked from the day you join, with the next four shown on every page we send you.
No appointments, no travel across East of England, no parking. Everything for sole trader accounts in Yelling happens online, with a real person on the other end during UK working hours.
You get one contact for sole trader accounts, not a queue. Yelling clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain sole trader accounts in the words Yelling business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Yelling until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Yelling
Yelling is in East of England, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Graveley, South Cambridgeshire | 1 mi | NW |
| Toseland | 1 mi | W |
| Papworth St Agnes | 1 mi | NE |
| Green, The, South Cambridgeshire | 1 mi | S |
| Papworth Everard | 2 mi | E |
| Duck End, South Cambridgeshire | 2 mi | NW |
| White Hall, South Cambridgeshire | 2 mi | SW |
| Church End, South Cambridgeshire | 2 mi | S |
Worth knowing
Rules that come up in this work
Switching accountants
You can switch accountant at any point in the year. The new firm requests clearance and your records from the old one, which cannot withhold your own documents though it may hold its own working papers until its fees are settled. Agent authorisations with HMRC and Companies House are transferred, and the next deadline is picked up without a gap.
Closing a company
Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
The 60-day property CGT return
The 60-day Capital Gains Tax return on residential property is the deadline landlords most often miss, because it falls outside the Self Assessment cycle and runs from completion, not exchange. Private residence relief for periods you lived in the property, plus the final nine months, reduces the gain. Penalties for a late return mirror Self Assessment, starting at £100.
Record keeping
HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.
Allowable expenses
An expense is allowable against trading profit if it is incurred wholly and exclusively for the business. Materials, business travel other than ordinary commuting, a proportion of home running costs, software, insurance, professional fees, bank charges and protective clothing qualify. Client entertainment, ordinary clothing, fines and the private share of mixed-use costs do not.
Employer National Insurance
The cost of an employee is more than the salary. Employer National Insurance at 15% above £5,000 a year, the 3% minimum pension contribution, holiday pay, equipment and management time all come on top. The Employment Allowance of £10,500 reduces the National Insurance for most employers with more than one person on the payroll.
Questions
Sole Trader Accounts questions from Yelling
What if HMRC checks my return?
HMRC can enquire into a return within twelve months of filing, and longer if something was omitted. Well-prepared accounts with organised records are the best protection. If an enquiry opens, routine correspondence about a return we filed is handled free, and formal enquiries go through our fixed-fee investigation service.
Can you deal with my previous accountant?
Yes. Once you authorise us we write for professional clearance and your records, including the previous year's accounts and capital allowance pools, which we need for continuity. Most firms respond within two weeks and nothing about switching changes our fee.
I started trading part-way through the year. What is my first accounting period?
Since the basis period reform, sole traders are taxed on profits of the tax year, 6 April to 5 April, regardless of accounting date. A first period runs from your start date to 5 April. If you prefer a different accounting date we apportion the profits, but for most new traders a 5 April year end is simplest.
Should I become a limited company?
It depends on profit level, how much you need to draw, liability exposure and whether you want to retain profits. At modest profits the saving is small after the extra compliance cost; at higher profits incorporation can help. Our free comparison tool gives a first view and the tax planning review gives a definitive one.
When does Making Tax Digital apply to me?
From April 2026 if your combined self-employment and property income was over £50,000 in 2024/25; from April 2027 if over £30,000; and planned for April 2028 if over £20,000. It means digital records and quarterly updates to HMRC. Our bookkeeping service handles it, and we tell you your start date as part of the accounts work.
What records do I have to keep?
Records of all sales and takings, all purchases and expenses, and bank statements, for at least five years after the 31 January filing deadline of the relevant tax year. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software from your start date.
Do you have an office in Yelling?
No. IGI Accounting is an online-only firm. We serve Yelling and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for sole trader accounts is the same in Yelling as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is sole trader accounts in Yelling really the same price as elsewhere?
Yes. The fee published on this page is what a client in Yelling pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
One message from Yelling, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.