Sole Trader and Partnership Accounts

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Sole Trader

For individuals who are self-employed or part of a partnership, our team of UK-based accountants is here to assist you in preparing the necessary figures for tax purposes.

Sole traders and members of partnerships are required to submit accounts to HMRC, which differ significantly from those of limited companies. This process can be intricate, and seeking specialized advice from a tax adviser is crucial to avoid fines and penalties from HMRC while optimizing potential cost savings. Don't leave it to chance—let us guide you.


How we can help

Our accounts preparation service for sole traders and partnerships involves organizing accounting records into a format that aligns with accounting principles. This not only aids in making informed financial decisions for your business but can also be valuable when seeking funding from financial institutions.

We prioritize understanding your unique needs to ensure accurate claims are made, and we provide guidance on interpreting the financial figures in the accounts. This approach results in precise claims tailored to your situation.

In addition to the accounts process, we prepare tax computations that consider non-taxable adjustments derived from the accounting records. This enables us to calculate the taxable profit figure, which is then included in your personal tax return.

For partnerships, we allocate profits based on agreed profit shares throughout the year. We factor in individual profit inclusion, considering any profits to be attributed on an individual basis before sharing the remaining profit. Adjustments are made for situations like unused holiday, which could result in additional profit due to a partner unless carried forward.

At Leewop, we have been providing accountancy services for sole traders and partnerships for many years. We understand the challenges that come with the growth of your business. With our service, you don't have to solely rely on your own efforts. We ensure compliance, help you claim entitled tax reliefs, and ensure accurate tax payments. Feel free to discuss your business needs with us at any time.

Why hire an accountant for your accounts?

By hiring a team of Chartered Accountants and Tax Advisers, you’ll be safe in the knowledge that a professional is ensuring maximum compliance, free from errors, with the potential to even save money by legally reducing your tax liabilities.

If you’re a Sole Trader or part of a Partnership looking for strategic, insightful and compliant financial advice, please do not hesitate to contact one of our accountants in UK by calling +92 302 4012116 or emailing

Tax Services for Sole Traders and Partnerships:

  • Devising a tax-efficient strategy
  • Compiling multiple income sources
  • Preparing year-end accounts
  • Issuing reminders of key dates
  • Notifying you of allowances to reduce tax liabilities

Benefits of Our Sole Trader and Partnerships Accounts Service:

  • Accounts in accordance with accounting principles
  • Free ad hoc advice for accounting queries
  • Ensuring compliance with deadlines
  • Prompt turnaround
  • Time-saving, as you don't have to do all the tasks yourself
  • Business growth, as you have time to focus and can rely on sound financial advice
  • Potential reduction in tax liabilities due to additional claims being made

Why Opt for Leewop for Your Tax Return Needs?

The intricate administration required for your accounts can be complex and time-consuming. However, Leewop can handle all the necessary work on your behalf. We ensure that you operate in the most efficient and compliant manner to meet ongoing regulations.

At Leewop, our chartered accountants are business accounting experts and can provide you with all the advice you need. We take the hassle out of your accounting obligations, allowing you to focus on the things that matter most.

  • A single point of contact for all of your enquiries
  • National and international connections
  • A service that is tailor-made for you
  • Quick response time
  • Business heritage dating back over 120 years
  • UK -based accountants with national and international reach
  • Saving you valuable time with technology solutions
  • Hands-on partners who give you the best advice

With Leewop, not only will your business be compliant with laws and regulations, but you will also be assured that our team will recognise operational areas for improvement, such as better structures and areas where technology can be used to bring down costs and increase efficiencies.

Whatever type of organisation you are running, our team of business accountants in UK can help you ensure you’re set up for success. Contact us today for further advice or to discuss the next steps by calling us on +92 302 4012116 or emailing

What’s next?

Arrange a consultation to find out how we can help you. Call us today on +92 302 4012116 or email

Talk to Our Team

Transitioning to Leewop from your current accountant is a swift and straightforward process.

Leewop is a prominent accountancy practice in the UK, catering to clients nationwide. Regardless of your location, we are here to assist you. We will allocate an accountant to help you grow your business and enhance its efficiency. Contact us to discover how we can assist you today.

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