If you run your business in your own name, your accountant needs to do more than prepare a return once a year. You need someone who can help you register properly, keep your records organised, stay on top of HMRC deadlines, and make tax decisions with a clear view of your income.
CBM Accounting Ltd is a London-based chartered accountancy and tax consultancy firm supporting sole traders across the UK. We provide registration support, bookkeeping, Self Assessment tax returns, VAT advice, Making Tax Digital compliance, financial reporting, and ongoing business advice, so you can stay compliant without losing time to admin.
Whether you are newly self-employed, growing quickly, or already dealing with higher income and tighter reporting rules, CBM Accounting gives you one place to handle the practical side of sole trader accounting.
Sole trader accountant services in London for clients across the UK
CBM Accounting offers sole trader accountant services built around the tasks that usually create the most pressure: registration, bookkeeping, tax returns, VAT, digital record keeping, and HMRC compliance. Instead of leaving you to piece together software, deadlines, and filings on your own, we help you put a working system in place.
Our support is suitable if you want an accountant who can handle daily records as well as year-end tax work. CBM Accounting combines accounting, tax, compliance, and advisory support, which means your books and your tax position are looked at together, not in isolation.
“CBM Accounting brings 10+ years of experience, a 15-member team, and support for 100+ clients.”
For you, that means fewer surprises at year end and a clearer view of what your business is actually earning.
CBM Accounting can support sole traders with:
- Registration and setup: Self Assessment registration, sole trader setup support, and guidance on the records you need to keep from the start.
- Bookkeeping and compliance: Bookkeeping, cloud accounting, digital records, VAT support where relevant, and HMRC and Companies House compliance support where your wider affairs require it.
- Tax and business support: Self Assessment tax returns, tax planning, financial reporting, and ongoing advisory as your business grows.
Self Assessment registration and sole trader tax return support
HMRC says you must register as a sole trader if you earn more than £1,000 in a tax year. HMRC also says that if you are already registered for Self Assessment for another reason, you need to register again as a sole trader, and late registration can lead to penalties. CBM Accounting handles this early so you know where you stand and what needs to happen next.
“If you earn more than £1,000 in a tax year, CBM Accounting can help you register for Self Assessment as a sole trader.”
Once you are registered, CBM Accounting supports the ongoing work behind the return: organising income and expenses, keeping records aligned with HMRC requirements, and preparing the annual filing accurately. That matters because as a sole trader you keep profits after tax, but you also carry personal responsibility for debts and liabilities.
We also help you move from reactive filing to planned tax management. If your income is changing, your expenses are uneven, or you are unsure how much to set aside for tax, we can give you clearer reporting and practical guidance during the year, not just at the deadline.
Making Tax Digital for Income Tax support for sole traders over £50,000
Making Tax Digital for Income Tax is a major change for many sole traders. HMRC says that from 6 April 2026, sole traders and landlords with annual income from self-employment and property over £50,000 must use Making Tax Digital for Income Tax. HMRC also requires users to use software to create digital tools to create and store digital records, send quarterly updates, and submit the tax return, with tax due by 31 January following the tax year. CBM Accounting helps you prepare before that pressure lands on your business.
“From 6 April 2026, CBM Accounting helps sole traders with qualifying income over £50,000 prepare for Making Tax Digital for Income Tax.”
CBM Accounting uses cloud accounting and digital tools to help you create and store digital records in the right format. We can help you set up a record keeping process that supports quarterly updates while still keeping your year-end position manageable.
HMRC also says you must keep original records or supporting documents such as bank statements and invoices. We make that practical by showing you what should be captured digitally, what paperwork still needs to be retained, and how to keep your records ready for HMRC if questions arise.
If your qualifying income is approaching the threshold, preparing early is usually the easier route. HMRC says it will start signing up people who need to use Making Tax Digital for the 2026 to 2027 tax year from September 2026 if they have not already signed up, so waiting until the last moment can create unnecessary disruption.
Bookkeeping, VAT and financial reporting for growing sole traders
A sole trader accountant should help you beyond the annual tax return. CBM Accounting provides VAT registration and filing support, financial reporting, and outsourced accounting support that gives you usable numbers during the year.
That makes everyday decisions easier. When your records are up to date, you can see cash flow more clearly, track what your work is producing, and avoid guessing how much tax you may owe.
CBM Accounting also supports sole traders who need more than compliance. If you want practical tax planning, clearer reporting before speaking to a lender or landlord, or regular advice as your business changes, we can build that into the service rather than leaving everything until year end.
If you employ staff, our payroll service can also sit alongside your sole trader accounting. That keeps tax, payroll, and bookkeeping connected within one firm instead of spread across different providers.
London-based sole trader accountants with UK and UAE expertise
CBM Accounting operates in the UK and UAE, with offices in London and Dubai. For UK sole traders, our London base gives you a firm grounded in HMRC compliance and UK reporting requirements, while our wider UK and UAE experience can be especially useful if your work, residency, or financial arrangements touch both markets.
CBM Accounting is also positioned as a proactive adviser, not only a filing service. We use confidential, practical consultations to understand how your sole trade actually operates, then shape the support around your reporting duties, your record keeping habits, and the level of visibility you want from your numbers.
Professional affiliations with ACCA, CIMA, IFA, and ICPA add another layer of confidence if you are looking for a firm that takes standards, regulation, and technical work seriously.
When CBM Accounting is the right sole trader accountant for you
CBM Accounting is a strong fit if you want more than a once-a-year return and need help building a reliable compliance process around your business.
You are likely to benefit from our sole trader accounting service if:
- You have crossed the £1,000 income level: and need to register for Self Assessment properly.
- You want one firm to handle the core work: bookkeeping, tax returns, VAT support, and ongoing advice.
- Your income is rising: and you need to prepare for Making Tax Digital for Income Tax from 6 April 2026 if your qualifying income goes over £50,000.
- You want proactive support: with tax planning, reporting, and HMRC-related issues instead of basic filing only.
- You need a practical London-based adviser: with UK expertise and the added benefit of UK and UAE experience where relevant.
If that sounds like the support you need, speak to CBM Accounting about your sole trader setup, records, and tax deadlines. We can help you get registered, stay compliant, and run your business with a clearer view of the numbers.