Intuit announced the UK launch of QuickBooks Sole Trader, a powerful cloud-based tax and accounts solution, with built-in AI automation, designed specifically for sole traders, including landlords with single property income and those in construction, with annual income under £90,000. This solution is powered by Intuit’s business platform that helps customers increase revenue and improve profitability.
Most one-person, or first-time, business owners want to run and grow their business with less work and more confidence in their financial decisions. They have a desire to reduce administration time, stay on top of their taxes and seek clarity on their financial position. QuickBooks Sole Trader allows customers to manage receipts, mileage, expenses, bank transactions and invoices in one place, or via the mobile App.
The impending introduction of Making Tax Digital for Income Tax mandates that those earning over £50,000 annually keep digital records beginning April 2026, with those earning over £30,000 following suit in April 2027.