Sole Trading Accounting

Magnum Accountancy:
Simplifying Sole Trader Success

Welcome to Magnum Accountancy, where we specialize in providing comprehensive accounting services tailored specifically for sole trading businesses. With our expertise and commitment to excellence, we ensure that your financial matters are handled effectively and efficiently, allowing you to focus on what you do best – running your business.

Why we’re the favourite for Sole trading accounting:

Bookkeeping

Precise recording of all financial transactions, ensuring accuracy and compliance with regulatory standards

Financial Statements Preparation

Preparation of detailed income statements, balance sheets, and cash flow statements to provide a clear overview of your business’s financial health.

Tax Compliance

Expert handling of tax obligations, including income tax calculations, VAT management, and timely filing of tax returns to minimize risks and optimize savings.

Payroll Management

Accurate processing of payroll, including wage calculations, tax deductions, and compliance with National Insurance contributions.

Regulatory Compliance

We simplify expense management, ensuring every cost is tracked and optimized for tax purposes.

Budgeting and Forecasting

Strategic budget planning and financial forecasting to support informed decision-making and future growth initiatives.

Bank Reconciliation

Regular reconciliation of bank statements with financial records to ensure accuracy and identify discrepancies promptly

Financial Analysis and Reporting

Ensuring compliance with legal and regulatory requirements specific to your industry, safeguarding your business from penalties and liabilities.

Commitment to Excellence

We strive to provide the highest quality service in everything we do.

Magnum Accountancy

Client Reviews

Edward Stanger
Edward Stanger
2024-06-13
First time with Magnum in 2024 for some self assessment support and they were super helpful, really fast and great value. thank you
Ivan Latunov
Ivan Latunov
2024-06-12
Daxa did my pension contribution calculation and also prepared and submitted my Self Assessment. She was very quick, basically did the whole Self Assessment in the same day. Altogether, I am very pleased - very accurate and fast service. Highly recommended.
Bill Burton
Bill Burton
2024-04-24
Great service and prompt responses to enquiries
Ravi S
Ravi S
2024-04-24
Daxa was extremely helpful, her along with the expert team at Magnum Accountancy helped me with my first set of company accounts. I initially found this process daunting I spoke to many accountants across London all who barley answered any of my questions nore could they provide me with certainty. Then I came across Daxa she exceeded all of expectations by answering all of my questions, patient and actioned my request with a extremely quick turn around all at a reasonable price point. I will continue to use Daxa and her team for my future projects and will be recommending her to all of my friends, family and clients!
Richard Matthews
Richard Matthews
2024-01-21
Daxa at Magnum Accountancy has demonstrated exceptional professionalism and efficiency in submitting this years and rectifying my previous HMRC self-assessment tax returns. The meticulous attention to detail and proactive approach not only corrected previous errors on my part but also ensured the timely submission of accurate documents. Daxa's expertise and commitment have alleviated any concerns I had, fostering confidence in Magnum Accountancy's services. I am grateful for her dedication to excellence and appreciate the peace of mind that comes with having a reliable and knowledgeable professional managing my tax affairs from now on. Daxa's outstanding service reflects Magnum Accountancy's commitment to client satisfaction and sets a commendable standard in the industry.
Alyson Hancock
Alyson Hancock
2023-12-05
Really efficient service, I submitted my documents and within the hour my tax return was done. Saves so much hassle (and getting things wrong!) thanks Daxa
Ian Turpin
Ian Turpin
2023-11-04
I found the service very efficient, Daxa took time to explain the process and provide excellent customer service also.
Martin Wright
Martin Wright
2023-10-19
Having just completed my first year of freelance working after many years of full-time employment I needed support to ensure that my tax return was completed correctly. I was a little unsure about appointing accountancy services but found the personal and approachable services provided by Magnum Accountancy to be extremely helpful, understanding and reassuring.
Mohammed Mahmud
Mohammed Mahmud
2023-08-12
They have shown a good commitment and professionalism to my self assessment and welcoming any queries or concerns that I may have. I believe I will continue performing my self assessment with them next year or any accounting services.
Ciaran Mclaren
Ciaran Mclaren
2023-07-18
Highly recommend Magnum Accountancy! This was my first time submitting self assessments, Daxa made the whole process simple and stress free. Thanks Daxa!

Choose Magnum Accountancy For

Our Services

Self Assessment Services
Limited Company Accountancy
Bookkeeping