Get Your Tax 100% Sorted for 1% of Your Invoice
Cutting-edge Sole Trader accounting software and expert support - without subscription costs.
Try our game-changing solution to upgrade your finances. Book a call to start now.
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All-in-one software and accounting services
We're redefining the way accounting packages are tailored for sole traders! With a user-friendly interface and seamless integration with other tools, you can enjoy the freedom of managing your finances efficiently.
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Create invoices quickly and get paid quicker
Get paid faster and improve your cash flow. Send unlimited invoices from your laptop, smartphone, or tablet in just a few clicks.
Manage your business expenses
Our Crunch subscriptions provide a variety of expense management resources to make your bookkeeping easier. From business mileage recording to receipt capturing, we have all the tools to make accounting quick and slick.
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Self Assessment tax return service
Our qualified accountants will make sure your tax returns are done correctly. And are totally tax efficient, so you'll maximise your take-home earnings. We'll even get your refunds if you are due them.
You will receive a Self Assessment for the trading year 2023-2024 once a minimum payment of £90 +VAT has been made, either as a one off payment or a top up from client payments received. Speak to our advisors for more information.
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Simple to navigate
User-friendly, intuitive design and layout make using our software easy for anyone.
Easy to manage
Control, view, categorise and track your financial data with simplicity, speed and accuracy.
Help when you need it
Real human support and advice on hand from client success managers and expert accountants.
Smart Software + Expert Support = Upgraded Finances
What sets Crunch’s service apart is access to human support from our expert accountants. As well as our cutting-edge software that has won multiple awards!
This combined with all the other powerful features creates a service you can fully trust and rely on. It’s so easy to use, you’ll be en route to accounting success in minutes!
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Dynamic pricing for dynamic businesses
CrunchONE’s pay-as-you-earn pricing structure makes the best online accounting service more accessible to sole traders. With CrunchONE you only pay 1%+VAT of your payments received - saving you £££s.
Fully integrated with all major banks
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Award winning accountancy service
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Who we help
Whatever your passion, it's probably not accounting. That's why we support businesses of all shapes and sizes so you can do what you love.
Pricing plan
No money upfront
We delight in people setting up on their own and know how hard it is. We want this to be zero risk!
Unlimited accountancy support
You will receive unlimited accountancy support to answer any questions you have.
Price cap
Rest assured, we've got you covered – a price cap ensures that even during extraordinary months, we won't take a larger portion of your success.
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FAQ's
Frequently asked questions about sole traders.
Self Assessment - often referred to as a ‘tax return’ - is a way for HMRC to calculate how much Income Tax and National Insurance Contributions you’ll need to pay. For contracted employees, your tax is deducted monthly on your employment income through the PAYE system. For the self-employed, or someone with other types of income (e.g. pension or dividends), HMRC needs a Self Assessment to assess the tax required to be paid.
If you’re self-employed and running your own business as an individual, then you should be registered with HMRC as a sole trader. Being a sole trader means there’s no legal distinction between the individual and the business they own.Sole traders work in many industries and trades, including electricians, plumbers, management consultants, designers, and more. Check out our article on “What is a sole trader?” for more information.
As a sole trader, there’s no law that requires you to have an accountant, but an accountant can help you stay on top of your business finances, manage your legal obligations as a small business owner, and help with your statutory filings and tax returns.An accountant is especially helpful where your sole trade business is starting out and needs assistance with areas such as VAT, CIS, and employing others.
Tax returns sole traders are required to file include VAT (if your business is VAT registered), and your annual Self Assessment, which covers your personal Income Tax and National Insurance liabilities. You can read more about your tax obligations in our “What is a sole trader?” article.
Sole trader taxes need to be filed with HMRC before their relevant due dates. You’ll need to start by registering as a sole trader with HMRC, and registering for tax returns such as Self Assessment. As a Crunch client, our team of Chartered Certified accountants can file your tax returns on your behalf. If you don’t have an accountant, though, you’ll need to file your returns yourself.
As part of the services provided you have the opportunity to receive a Simple Self Assessment for the trading year of 2023 - 2024 as long as a minimum payment of £140 +VAT is made. If you require a Self Assessment to be prepared for the tax year you joined Crunch additional fees apply - Speak our advisors for more information.
Still have questions?
Book a call today with one of our friendly advisors to go through any questions you may have.