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About Us

We aim to build a better every day, always thinking beyond and how we can have a positive impact.

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Who We Help

We help you make strategic decisions, achieve your long-term objectives, reduce costs and grow your bottom line, whilst also keeping you fully compliant with the latest tax obligations.

73 Cornhill

London, EC3V 3QQ

OUR CLIENTS

Sole Traders

Sole Traders

Avoid the stress of managing your tax, finances and future growth alone.

There are many advantages to operating as a sole trader, though it’s easy to be overwhelmed by the number of hats you have to wear – marketing, HR, finance, and more. Our specialist team of accountants and advisers for sole traders are here to help shoulder the burden and free up time so you can focus on cultivating and growing your business.

Services for Sole Traders

How can we help?

Bookkeeping

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Accurate and timely bookkeeping is essential for every sole trader. We offer a range of bookkeeping services tailored to meet your needs and ease the burden of administration.

Bookkeeping

Tax planning

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Our team of tax experts stay up to date with the latest tax laws to ensure you are well informed. Our tax experts can discuss any tax planning opportunities with you to ensure maximum efficiencies.

Tax planning

Self-Assessment

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Self-assessment can be a daunting prospect and mistakes can lead to significant penalties and financial costs. Our team of tax experts advise on potential efficiencies throughout the filing process and timeline tax submission and payment obligations.

Self-Assessment

Managing expenses

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It’s often the case that sole traders fail to take advantage of the full range of tax-deductible business expenses available to them. We will take a comprehensive view of your business in order to develop strategies to minimise your tax bill wherever possible.

Managing expenses

Budgeting and forecasting

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Many sole traders are too busy focusing on day-to-day tasks to take a step back and develop a long-term financial plan. Our advisers can help you create a clear plan for growth and forecast various scenarios to get there.

Budgeting and forecasting

Ad-hoc business advice

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It’s invaluable to be able to call on the support of an experienced business adviser whenever an idea, query or challenge crops up, especially for small business owners that tend to work alone.

Ad-hoc business advice
Bookkeeping
Tax planning
Self-Assessment
Managing expenses
Budgeting and forecasting
Ad-hoc business advice

Get in touch

Partnering with an accountant is a crucial step in the growth of every ambitious business; however, you need to make sure you’ve got the right professional by your side to help achieve your goals.

Our advisers support sole traders across a wide range of sectors and industries, putting us in the ideal position to offer guidance on all aspects of your business.

We’d be happy to arrange a free initial session with you. Simply fill in the enquiry form or call us on the number below.

Get in touch

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Our experts

Meet the team

Why choose us

Why Gerald Edelman?

Working for yourself is an immensely rewarding experience that comes with a unique set of challenges. Knowing which areas of expertise to delegate is vital to maximise your growth potential, particularly for those with little to no experience in handling financial matters, whether that’s compliance or strategic.

Sole traders today are under more scrutiny from HMRC than ever, and it can be a tough task to stay on the pulse of evolving tax and compliance regulations. Those that make mistakes or fail to take care of finances, accounts, expenses and reporting requirements run the risk of under/overpaying tax, facing unexpected penalties or even investigation.

At Gerald Edelman, we work closely with sole traders and can provide you with complete peace of mind that your finances are being managed by an expert. As well as providing partial and fully managed accountancy and bookkeeping services, we act as a sounding board for any queries or challenges you wish to discuss throughout the financial year.

Get in touch with one of our friendly advisers today.

Frequently asked questions

Is it possible to pick the specific accountancy services I need?

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Yes. Whilst we often manage tax and reporting obligations, we also work with sole traders that only require support with specific aspects of our service, like bookkeeping, IR35 or VAT. We are flexible in that regard and can tailor our services to match your needs.

Can Gerald Edelman support my business beyond tax compliance and bookkeeping?

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Yes, clients often stay with us because they like the convenience of being able to plug into different services that we offer. Beyond tax advice, we also regularly support sole traders with wider financial planning and investment advice.

How do your fees typically work?

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Unlike other accountants, we offer complete transparency over our fees from the outset. We always aim to fix our costs based on the services required and the information we receive from our clients during a free consultation.