• Suite RAO1, 195-197 Wood Street, London, E17 3NU
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  • Suite RAO1, 195-197 Wood Street, London, E17 3NU
raims logo
Get an Instant Quote

Sole Trader & Partnership Accounting Services

Practical accounting, tax and business support for sole traders, partnerships and small businesses across the UK.

  • Sole Trader Accounting
  • Partnership Accounts
  • Small Business Support
  • Tax & Compliance Services
  • Year-Round Advice
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Accounting Support for Growing Businesses
Running a business involves more than simply generating sales. Business owners must also manage tax obligations, maintain accurate financial records and stay on top of various compliance requirements.
Whether you’re self-employed, operating a partnership or running a growing small business, having the right accounting support in place can help you stay organised, make informed decisions and avoid unnecessary stress.
We work with businesses across a wide range of industries, providing practical advice and ongoing support tailored to their circumstances.
Accounting Support for Growing Businesses
Choosing the Right Business Structure

When starting or growing a business, choosing the right structure can have implications for tax, administration and future plans.

Sole traders, partnerships and limited companies each have their own advantages depending on the nature of the business, the number of owners involved and long-term objectives.
Some business owners value the simplicity of operating as a sole trader, while others may benefit from the flexibility of a partnership or eventually decide that a limited company structure is more appropriate as their business grows.
Businesses often evolve over time, and a structure that works well today may not be the most suitable option in the future. We help clients understand the differences, plan ahead and choose an approach that supports their long-term goals.
Sole Trader Accounting
Sole Trader Accounting
For many business owners, becoming a sole trader is the natural first step into self-employment. However, managing tax obligations, maintaining accurate records and preparing Self Assessment tax returns can become increasingly time-consuming as a business grows.

We support sole traders across a wide range of sectors, including consultants, freelancers, tradespeople, landlords and other self-employed individuals.

Sole traders often come to us for help with:

  • Self Assessment Tax Returns
  • Bookkeeping Services
  • Business income reporting
  • Allowable expense reviews
  • Tax planning support
  • Ongoing accounting advice

Whether you’re newly self-employed or have been trading for years, professional support can help you stay organised and focus more time on running your business.

Partnership Accounting
Running a business with others can bring valuable skills, experience and support, but it also creates additional accounting and tax responsibilities.

Partnerships are generally required to prepare partnership tax returns and ensure profits are allocated correctly between partners, while each partner may also have individual tax reporting obligations.

Partnership accounting often involves:

Partnership Tax Returns

 

  • Partnership Accounts
  • Individual Partner Tax Returns
  • Bookkeeping Services
  • Profit allocation between partners
  • Tax planning considerations

 

We can also assist Limited Liability Partnerships (LLPs). Please contact us to discuss your specific requirements.

Partnership Accounting
Small Business Accounting
Small Business Accounting
Most business owners start out focusing on winning work and serving customers. Before long, bookkeeping, VAT, payroll and other financial responsibilities start demanding attention as well.
Many small businesses require support across several areas rather than a single service.

As businesses grow, support is often needed in areas such as:

 

  • Bookkeeping
  • VAT Returns
  • Payroll & Pension Auto-Enrolment
  • Management Accounts
  • Limited Company Accounts & Corporation Tax
  • Business Start-Up Support
Our role is to help business owners stay on top of their financial responsibilities while providing clear, practical advice as their business develops.
Many small businesses now use cloud accounting software such as Xero, QuickBooks and FreeAgent. We can help set up, maintain and support these systems, helping keep financial records organised and making it easier to stay on top of day-to-day finances.
Challenges Many Business Owners Face

It’s not unusual for business owners to contact us when they are:

  • Falling behind with bookkeeping or financial records
  • Unsure about upcoming tax liabilities
  • Spending too much time dealing with administration
  • Managing business growth and increasing compliance obligations
  • Looking for more proactive support from their accountant
  • Dealing with correspondence from HMRC

 

Whether you’re trying to get organised, planning for growth or simply looking for clearer advice, addressing these issues early can often prevent more time-consuming and costly problems later on.

Challenges Many Business Owners Face

Not sure what accounting support your business needs?

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Why Businesses Work With RAIMS

Choosing an accountant is about more than simply filing tax returns or preparing accounts. Many business owners want the reassurance of knowing their finances are being looked after properly and that professional support is available when they need it.

Many of our clients come to us after becoming frustrated with delayed responses, unclear advice or feeling like they only hear from their accountant once a year. We believe accounting support should be accessible throughout the year, not just when accounts or tax returns are due.

With over 10 years of experience, we work with sole traders, partnerships and small businesses across a wide range of sectors. Our approach is built around providing clear advice, practical support and straightforward communication without unnecessary jargon.

As an ACCA Registered Firm, we are committed to maintaining high professional and ethical standards while helping clients meet their accounting, tax and compliance obligations.

Clients value having a reliable point of contact throughout the year, whether they need help understanding a tax issue, dealing with HMRC correspondence, planning ahead for future liabilities or simply keeping their business finances organised. Our focus is not simply on preparing accounts and tax returns. We help clients stay organised, understand their obligations and make informed decisions throughout the year.

 

We work with businesses throughout the UK using a combination of cloud accounting software, secure digital document sharing and remote meetings, while still providing the personal service and responsiveness business owners expect from their accountant.

At a Glance

  • ACCA Registered Firm
  • 10+ Years Experience
  • UK-Wide Support
  • Cloud Accounting Solutions
  • Year-Round Advice
  • Sole Traders, Partnerships & Small Businesses

How We Work

Initial Discussion

We take time to understand your business, goals and current accounting arrangements.

1
2

Review of Your Business Structure

We review how your business currently operates and discuss whether your existing structure continues to meet your needs.

Information Gathering

We review your records, tax obligations and any accounting support you currently receive.

3
4

Tailored Recommendations

We recommend accounting and tax support based on your circumstances, business activities and future plans.

Ongoing Accounting & Tax Support

We provide ongoing assistance with accounts, tax returns, bookkeeping and compliance requirements as needed.

5
6

Planning Ahead

As your business develops, we help you prepare for future obligations, identify potential opportunities and make informed financial decisions.

Frequently Asked Questions

While not legally required, many sole traders choose to work with an accountant to help manage tax obligations, maximise allowable expenses and reduce administrative burdens.
A sole trader operates the business alone, whereas a partnership involves two or more individuals sharing responsibility for the business and its profits.
The most suitable structure will depend on factors such as income levels, business risks, future growth plans and administrative preferences. We can help you understand the differences and choose an approach that suits your circumstances.
Yes. Most partnerships are required to submit a Partnership Tax Return (SA800) in addition to individual tax returns for each partner.
Yes. We can assist Limited Liability Partnerships (LLPs) with their accounting, tax and compliance requirements.
While LLPs are often taxed similarly to partnerships, they also have additional legal and Companies House filing requirements. We can advise on the obligations that apply to your LLP.
Yes. We regularly assist new businesses with accounting, tax registrations and ongoing compliance requirements.
Yes. We can explain the differences between sole trader, partnership and limited company structures and help you understand which may be most suitable for your circumstances.
Yes. We can manage the transition process and help ensure a smooth handover with minimal disruption.
Not necessarily. However, many business owners look for additional support as their business develops. We can help review your current arrangements and discuss whether further support may be beneficial.
Yes. We provide bookkeeping and VAT services for businesses across a range of industries.
Yes. We can assist with payroll processing, workplace pension obligations and ongoing compliance requirements.
Yes. We support both traditional and online businesses throughout the UK.
Yes. We work with clients throughout the UK using phone, video meetings and secure digital document sharing.
Yes. We can assist with HMRC correspondence and help you understand any actions that may be required.

Let's Make Business Accounting Simpler

Whether you’re self-employed, operating a partnership or managing a growing small business, we’re here to help.
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What Our Client Says

Ahsan Khan

★★★★★

I'd highly recommend them to any small business owner looking for a reliable, proactive and knowledgeable online accountants.

Ali Nasir Safi

★★★★★

Highly professional and trustworthy online accountancy firm who deals with your tax affairs with great accuracy and customer satisfaction.

Muhammad Khan

★★★★★

To be honest, we were making bookkeeping harder than it needed to be. We had spreadsheets, paper receipts and transactions being entered manually. RAIMS got us set up on cloud software, connected the bank feeds and showed us how to use receipt capture properly. Everything now runs much smoother and we spend far less time trying to keep records up to date.