At Direct Assist Accountants, we specialise in accounting services for e-commerce businesses. Whether you’re selling on Amazon, eBay, Shopify, or your own store, our expert accountants help you stay compliant, save on taxes, and focus on growing your online brand.
A sole trader is the simplest form of business structure in the UK, where one person owns and operates the entire business. It’s a popular choice for freelancers, contractors, and small business owners due to its minimal setup and straightforward management.
As a sole trader, there’s no legal separation between you and your business — meaning you keep all profits after tax, but you’re also personally responsible for any losses or debts your business incurs
Key benefits include:
Simple setup and low administrative requirements
Full ownership and retention of profits
Complete control over decision-making
Easier to change or adapt your business structure later
However, one important consideration is unlimited liability, which means your personal assets could be at risk if your business faces financial difficulties.
Registering as a sole trader in London is simple and can be done entirely online. You’ll need to let HMRC know that you plan to submit a Self-Assessment tax return. The easiest way is to fill out the online registration form on the HMRC website — it only takes a few minutes and is completely free.
If you prefer, you can also download the SA1 form, fill it in manually, and send it to HMRC by post.
Once you’ve registered, HMRC will issue you a Unique Taxpayer Reference (UTR) and set up your online account for Self-Assessment.
You’ll then receive a letter containing an activation code to access your HMRC online portal. From there, you’ll be able to:
Manage your tax records
View payment history
Check your tax code
Track filing deadlines
This account becomes your main hub for managing everything related to your self-employment taxes.
Get reminders for all key tax filing and payment deadlines.
Choose and connect FreeAgent, Xero, or QuickBooks easily
Choose and connect FreeAgent, Xero, or QuickBooks easily.
Our tailored monthly plans offer award-winning software,
dedicated support, tax return assistance, and more.
A sole trader is simply a self-employed person, a popular structure in the UK. When becoming self-employed, the main alternatives are sole trader or limited company. We outline the advantages and disadvantages below.
Unlike larger entities with multi-layered management, owners, and diverse stakeholder interests that can complicate simple decisions, as a sole trader, you are both the owner and the manager, granting you complete autonomy in all business decisions.
A key aspect of being a sole trader is the lack of legal separation between you and your business. This means you are personally liable for any debts the business incurs. Consequently, financial difficulties can result not only in lost business income but also in personal financial obligations.
Limited companies face the requirement of preparing a balance sheet and cash flow statement, whereas sole traders typically only need to complete a profit and loss account. Consequently, accountants generally charge sole traders less due to the reduced workload involved.
Attracting work from substantial clients can be difficult, as many larger businesses often perceive sole traders as smaller entities and potentially a higher risk. While a limited company can be owned and run by a single individual, it often projects a more substantial image.
As a sole trader, you are entitled to retain all the profits your business generates after meeting your tax obligations. There is no Corporation Tax liability, and typically, no employee payroll to manage.
If a sole trader becomes ill and cannot work, they will not receive any income, and their business will be unable to deliver the agreed-upon services to clients or suppliers. This inability to provide services may lead clients to seek alternatives.
Efficient tax strategies designed to minimize liabilities and maximize your business savings.
Work with dedicated accountants who provide clear, proactive financial guidance.
Fixed-fee packages with no hidden costs, ensuring full clarity and confidence.
Access accurate financial data anytime for smarter and faster business decisions.
Strategic advice and planning to help your business expand and thrive sustainably.
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Biggest frauds on the face of this earth, Charged me fee and never submitted my tax returns. I ended up getting a penalty from HMRC. Won't recommend to anyone
Best accountants for security related services. They have kept every tax optimal and their holding and investment structure has just help me achieve my goals
Best accounts for construction company. Really delighted with their help and skilled worker visas Never missed calls Best thing is they do take appointments on weekends as well.
Best accountants in town, managed by vat and corporation tax investigation like a breeze, they have exceeded all expectations that I have had with them, bro, keep it up.
I have had a disappointing experience with this company. The management is often not based in the UK, and the individuals responsible for collecting information lack the necessary knowledge and details. Their responsiveness is poor, and the service provided has been subpar. Additionally, I faced concerns regarding the sharing of personal information. After raising a complaint, I unfortunately received insulting and unprofessional responses from the management, which only further worsened the situation. You can see the unanswered emails and complaints in the images I upload for this company
Highly recommended this accountancy firm. Addy and Sohail who I have had contact with have been extremely professional, knowledgeable and responsive. Very pleased to have them as my accountancy firm.
Best place for accountancy and mortgage. Mr Sohail is very helpful in every possible way.
I’ve been a client of Direct Assist Accountants since 2015 and would describe this company as responsive, knowledgeable and professional … with a real personal and friendly feel. Sohail and his team have looked after our ,with both business and personal tax matters so well, always there to give advice when needed. Their use of the latest accountancy technology makes life simpler for all. I would recommend their services without hesitation!
I have been using Direct Assist Accountants for a very long time. I am very happy with thier services. Direct Assist Accountants is a specialist small business accountants and I have no doubt about this. They have good reputation for providing first class services. I am happy with them. I would highly recommend Direct Assist Accountants to everyone. Many congratulations for achieving big targets. Good luck team Direct Assist Accountants!
Brilliant firm. They have been doing my accounts for over 10 years with extraordinary professional skills. Have been recommended them to a few of my associates & they sing their praises of them. We highly recommend direct assist accountants
It's been 4 years, I am using their service and they are The best. I have never had to worry about any accounting related issues. They look after everything. Quick response, great advice, great service, overall five stars. 100% recommend to all my friends and family.
Direct Assist Accountants are highly professional and result oriented Accountants based in the UK. They help the client in any matter related to Self Assessment Tax returns, VAT, Corporation Tax Returns and Business planning. I referred them to my uncle who was based in UK for a Tax Matter. He is satisfied by the Service provided by the Direct Assist. I would highly recommend them for any of the Accounts and Tax related work in UK.
Whenever we need assistance Direct Assist Accountant has been very quick and responsive in the past 3 years we have know him. He takes his responsibilities very seriously and helps immediately when we require it. We have never had any problems with him.
Great accountancy at a reasonable price. Not really had any issues so far and does everything needed for the low price. Not just bare bones, we have been able to get in touch with our accountant via email or phone whenever needed and received a range of financial advice.
Need a trusted partner to handle your accounting and tax matters? We’re here to help. Direct Assist Accountants offers reliable, expert support from your first enquiry to final delivery, all under one roof. We keep things simple, affordable, and fully transparent, so you can stay focused on what matters most: running your business.
(0203) 633 2018
info@directassistaccountants.co.uk
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