You live life.
We sort your tax.
CrunchONE combines award-winning self-employed accounting software with support from in-house accredited accountants. Helping you make smarter finance decisions and to never worry about tax again.
Flexible pricing | Tax returns filed for you | No subscriptions
All your financial admin, sorted
Simplify your financial admin
Accurate, real-time insights and automated expense tracking give you complete visibility of your accounting. Easily manage income/expenditure and never miss a filling date.
Get smart tax advice
Get all the advice you need from Chartered accountants, and transform your financial management and make money-saving decisions. We'll ensure you're as tax efficient as possible.
We do the work
It’s never taxing with CrunchONE. Our accredited accountants crunch the numbers and file your self assessment to HMRC for you every year.
Save time and money with smart software
Upload and organise vital documents quickly and easily with receipt capture. And manage invoices, expenses, sales, payments and more with open banking and bank reconciliation from one unified platform linked to your bank account.
For sole traders
Self Assessment handled by experts
Say goodbye to missed deadlines and overpaid tax. We make Self Assessment easy. With 50,000+ tax-returns filed, our experts will process your tax-return and ensure you get any and all due rebates, and keep you fully compliant.
Expert help and advice from real, human accountants
What set's Crunch apart is the access you'll get to support from tax advisors and chartered accountants. Have all your queries answered by our friendly team, no question too silly!
Sign up for free
There’s no cost to sign up.
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Affordable, pay as you earn pricing
We’ll only charge 1% of what you earn to cover our services.
Jennifer Lee O’Brien
Writer and Strategist
Jennifer is thriving as a successful freelance writer
Jennifer transitioned to a freelance writer, overcoming financial admin fears by using Crunch’s software and expert advice. It simplified her taxes and supported her dream of flexible, self-directed work since 2018.
“It wasn’t until I had to Google ‘how to do taxes UK' that I realised how impossible that can feel sometimes. Crunch made things simple and clear.”
The 1% fee explained
Only pay when you get paid
All-in-One Online Business Tools
Efficient online tools for easy invoicing, effective expense management, and accurate tax calculations.
Flexible, Cost-Effective Pricing
Quality premium services capped annually at just £300+VAT - for 1% of your earnings.
Expert Chartered Accountants at Your Service
Direct access to ACCA & AAT qualified accountants committed to your tax efficiency and compliance.
Hassle-Free Self Assessment Filing
Simplified tax filing with expert guidance; over 50,000 Self Assessments filed seamlessly since 2009.
CrunchONE for Sole Traders
Software & Services For Sole Traders
Create & Send Invoices
Create invoices and send on the go. Send custom and unlimited invoices from your laptop, smartphone or tablet in just a few clicks.
Expense Management
Say goodbye to inputting data manually. Save time by automating and tracking your expenses. Scan receipts and claim straight away.
Open Banking
Connect your bank and import your statements to reconcile transactions. Transactions go straight to Crunch daily.
VAT Submission
Easily submit & file your VAT return to HMRC. Crunch files returns through HMRC compatible software (Making Tax Digital) every quarter.
Ask an Accountant
Qualified accountants providing users with instant access to accounting expertise for financial clarity and informed decision-making
Discover our accounting software, designed to intuitively fit into your daily financial routines. Experience the harmony of efficiency and simplicity on your financial journey.
Helpful Sole Trader resources
Looking for sole trader advice and guidance before paying for our service? We've got you covered.
Frequently asked questions
Explore our FAQs for quick answers to your questions
Sole traders don’t need to register with Companies House, so no information about your business will appear in their records or on their website.
You can claim expenses for your businesses accountancy fees, providing the accountant's time is being spent working on your sole trader accounts and not on personal items, such as the production of your annual Self Assessment.
As a sole trader, all of your business profit is taxable to you personally, and legally there is no difference between you and your business. But unless you want to pay more tax than necessary, you’ll usually want to claim sole trader business expenses when it comes to submitting your annual Self Assessment tax return. You need to be able to prove your business expenses are allowable. Having your business and personal expenses in the same bank account can cause all sorts of headaches and means getting your accounts ready takes longer than necessary.With secure Open Banking connections, you can link your business bank account directly to your Crunch account and import all of your transactions in one simple click. From there, reconciling your bank accounts becomes a simple job!
It’s unlikely your sole trade business will require an audit unless you begin reporting turnover of millions of pounds. In such cases, you’d need an accountant to guide you through any audit requirements.
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.
As a sole trader, you pay yourself based on personal drawings from the business, and you pay Income Tax and National Insurance Contributions based on the profits your business makes.That’s why it’s important to keep a record of any drawings you take from the business to pay yourself. This helps you to keep on top of your accounts and helps when calculating your profits, which you eventually pay tax on. You’ll also need to put some money aside to pay your personal tax bill when you submit your annual Self Assessment.
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.
Many major banks don’t give you the option to open an account for your small business online, but usually, you’ll be able to start your application on the bank’s website, prior to meeting a representative in person or over the phone.Some banks will allow you to walk into the branch and make a same-day appointment, but of course, this cannot always be guaranteed.Crunch is also partnered with a number of trusted banks, including Tide, Metro, Barclays, and Revolut. You can even enjoy special offers and discounts when you open a business account through one of these providers as a Crunch client!
At Crunch, our paid accountancy package for sole traders is available for just £24.50+VAT a month! As a Crunch client, you’ll get access to a team of Chartered Certified accountants and expert client managers, available whenever you need them to help your business thrive.
You will receive a Self Assessment for the trading year 2024-2025 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.
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.
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.
Your annual Self Assessment must be filed with HMRC before 31st January each year.
You can prepare your own sole trader accounts if you’d like, but the best strategy is to get an accountant to do it for you. Accountants can make sure your returns are filed accurately and well ahead of a deadline - all you need to do is sign them off! An accountant will also make sure you are claiming the correct business expenses.
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Why choose Crunch? We know what it's like to run a business, so we have created the best online accounting solution for you. Join over 40,000 people who are already using Crunch. A monthly rolling subscription, with no long term contracts, and upgradable at any time.
Who Are...
In 2007, entrepreneur Darren Fell had enough of the many shortfalls of traditional accountancy firms. So, he grabbed the bull by the horns and created a fairly priced, all-inclusive service for freelancers, contractors, and small businesses, bringing together easy-to-use online accounting software with in-house support when you need it.