Intuit Launches QuickBooks Sole Trader: Simplified Financial Management for the UK’s 3.1 million One-Person Businesses
Intuit (INTU) has launched QuickBooks Sole Trader in the UK, a cloud-based tax and accounts solution designed for sole traders with annual income under £90,000. The AI-powered platform helps manage receipts, mileage, expenses, bank transactions, and invoices in one place, while simplifying income tax preparation. The launch aligns with the UK's Making Tax Digital (MTD) mandate, which will require digital record-keeping for those earning over £50,000 from April 2026, and those earning over £30,000 from April 2027. The solution features AI-driven automation, mobile access, construction industry capabilities, and accountant collaboration tools.
Intuit (INTU) ha lanciato QuickBooks Sole Trader nel Regno Unito, una soluzione cloud per la gestione delle tasse e dei conti, progettata per i liberi professionisti con un reddito annuale inferiore a £90.000. La piattaforma supportata dall'IA aiuta a gestire scontrini, chilometraggio, spese, transazioni bancarie e fatture in un'unica sede, semplificando la preparazione delle dichiarazioni dei redditi. Il lancio è in linea con il mandato Making Tax Digital (MTD) del Regno Unito, che richiederà la registrazione digitale per chi guadagna oltre £50.000 a partire da aprile 2026 e per chi guadagna oltre £30.000 a partire da aprile 2027. La soluzione presenta automazione guidata dall'IA, accesso mobile, funzionalità specifiche per l'industria delle costruzioni e strumenti di collaborazione per contabili.
Intuit (INTU) ha lanzado QuickBooks Sole Trader en el Reino Unido, una solución basada en la nube para la gestión fiscal y contable destinada a los trabajadores autónomos con ingresos anuales inferiores a £90,000. La plataforma impulsada por IA ayuda a gestionar recibos, kilometraje, gastos, transacciones bancarias y facturas en un solo lugar, al mismo tiempo que simplifica la preparación del impuesto sobre la renta. El lanzamiento se alinea con el mandato Making Tax Digital (MTD) del Reino Unido, que requerirá el mantenimiento de registros digitales para aquellos que ganen más de £50,000 a partir de abril de 2026, y para quienes ganen más de £30,000 a partir de abril de 2027. La solución cuenta con automatización impulsada por IA, acceso móvil, capacidades específicas para la industria de la construcción y herramientas de colaboración para contadores.
인튜잇 (INTU)가 영국에서 QuickBooks Sole Trader를 출시했습니다. 이는 연간 수입이 £90,000 이하인 자영업자를 위한 클라우드 기반 세금 및 회계 솔루션입니다. AI 기반 플랫폼은 영수증, 마일리지, 비용, 은행 거래 및 청구서를 한 곳에서 관리하며 소득세 준비를 간소화합니다. 이 출시 사항은 2026년 4월부터 £50,000 이상의 소득이 있는 사람들과 2027년 4월부터 £30,000 이상의 소득이 있는 사람들이 디지털 기록 보관을 요구하는 영국의 Making Tax Digital (MTD) 규정과 일치합니다. 이 솔루션은 AI 구동 자동화, 모바일 접근, 건설 산업 기능, 회계사 협업 도구 등을 제공합니다.
Intuit (INTU) a lancé QuickBooks Sole Trader au Royaume-Uni, une solution de comptabilité et de fiscalité cloud conçue pour les travailleurs indépendants avec un revenu annuel inférieur à 90 000 £. La plateforme alimentée par l'IA aide à gérer les reçus, le kilométrage, les dépenses, les transactions bancaires et les factures au même endroit, tout en simplifiant la préparation de l'impôt sur le revenu. Le lancement est en phase avec le mandat Making Tax Digital (MTD) du Royaume-Uni, qui exigera une tenue de registres numériques pour ceux gagnant plus de 50 000 £ à partir d'avril 2026, et pour ceux gagnant plus de 30 000 £ à partir d'avril 2027. La solution propose une automatisation pilotée par l'IA, un accès mobile, des fonctionnalités pour le secteur de la construction et des outils de collaboration pour les comptables.
Intuit (INTU) hat QuickBooks Sole Trader im Vereinigten Königreich eingeführt, eine cloudbasierte Steuer- und Buchhaltungslösung, die für Selbstständige mit einem Jahreseinkommen von unter £90.000 entwickelt wurde. Die KI-gestützte Plattform hilft, Belege, Kilometrierung, Ausgaben, Banktransaktionen und Rechnungen an einem Ort zu verwalten und vereinfacht die Vorbereitung der Einkommensteuer. Der Start steht im Einklang mit dem britischen Mandat zur digitalen Steuererfassung (Making Tax Digital, MTD), das ab April 2026 eine digitale Buchführung für Personen mit einem Einkommen von über £50.000 erfordert und ab April 2027 für Personen mit einem Einkommen von über £30.000. Die Lösung verfügt über KI-gesteuerte Automatisierung, mobilen Zugriff, Funktionen für die Bauindustrie sowie Werkzeuge zur Zusammenarbeit mit Buchhaltern.
- Launch of new product targeting 3.1 million potential UK customers
- Strategic timing ahead of mandatory UK tax digitalization affecting 2.8M businesses
- Platform enables business expansion through QuickBooks ecosystem integration
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Insights
The launch of QuickBooks Sole Trader represents a significant strategic move by Intuit to capture a largely untapped market of 3.1 million UK sole traders. The timing aligns perfectly with upcoming Making Tax Digital (MTD) regulations, which will affect 2.8 million sole traders and landlords starting from 2026. This creates a compelling regulatory catalyst for adoption.
The product's AI-driven features and mobile-first approach address key pain points in the market while leveraging Intuit's existing technology infrastructure. By targeting businesses with annual income under
The integration with the broader QuickBooks ecosystem creates opportunities for upselling as businesses grow, potentially driving long-term revenue growth through platform expansion.
This product launch strengthens Intuit's market position in the UK's fintech space through several key advantages. The AI-powered automation for transaction categorization and tax estimation reduces operational friction, while the cloud-based architecture enables scalable deployment and continuous feature updates.
The strategic timing ahead of MTD implementation creates a first-mover advantage in capturing market share from traditional spreadsheet users. The platform's ability to handle construction industry scheme (CIS) payments and property income demonstrates deep market understanding and addresses specific regulatory requirements.
The seamless integration with accountants and the QuickBooks Online platform creates a sticky ecosystem that could drive sustained revenue growth through high customer retention rates and natural business evolution toward more advanced solutions.
AI-powered business solution manages transactions, enables accounting on-the-go, automates tax preparation, and facilitates accountant and bookkeeper collaboration
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, for a holistic view of their finances, whilst simplifying income tax preparation.
The impending introduction of Making Tax Digital (MTD) for Income Tax mandates that those earning over
Nick Williams, Product Director at Intuit QuickBooks says, “Sole traders are amongst the largest community that do not use accounting software, yet they must create an accurate income tax self assessment every year and prepare for MTD, which will involve quarterly submissions. QuickBooks has been helping small and medium businesses prepare for MTD since 2018 and our new Sole Trader offering provides clear value for both individuals and their accounting professionals, helping them work together to meet tax obligations, manage money, save time, and grow.”
QuickBooks Sole Trader includes a suite of time-saving tools for first-time, and existing, software users, delivering a done-for-you experience:
- AI-Driven Automation: automatically separates personal and business bank transactions, categorises business and personal expenses, and estimates income tax whilst connecting multiple bank accounts.
- Mobile & Cloud Access: manage receipts, track mileage, and create invoices on-the-go using the QuickBooks mobile app, available on iOS and Android. With omni-channel support including email and chat, users can stay connected and receive help when needed, ensuring smooth operations wherever they are.
- Built for Sole Traders: designed to meet the needs of sole traders, including construction industry CIS capabilities for subcontractors and support for managing property income for single property owner landlords. The platform simplifies construction industry deductions and property income management while offering a scalable platform for growth.
- MTD for Income Tax Ready (coming soon): stay ahead of tax changes and prepare for quarterly submissions and year-end tax filing, through HMRC recognised software.
- Accountant Collaboration: connect QuickBooks Sole Trader with an accounting professional at no extra charge, to ensure accuracy and receive professional support. Accounting professionals can extract data and reconcile it for accounts production through QuickBooks Online Accountant.
- Built for Growth: the platform features a simple user interface keeping the complexity of bookkeeping hidden, but making it visible for accounting professionals. This ensures that sole traders can easily navigate the system, while the sophisticated QuickBooks Online backend allows businesses to effortlessly scale and integrate additional capabilities on Intuit’s business platform as they grow.
Emma Longley, owner of ECL Coaching, a
While QuickBooks Self-Employed has supported one-person businesses since its launch in 2015, QuickBooks Sole Trader builds on the expertise gained from serving these customers, with elevated features that add flexibility and productivity tools designed to solve a wider set of problems. QuickBooks Sole Trader is part of the QuickBooks Online platform, which offers a seamless way for customers to access other offerings from the QuickBooks ecosystem to meet their growing needs. QuickBooks Sole Trader is available from today for
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Disclaimer:
"This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, and functionality are subject to change without notice."
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
Intuit Limited registered in
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Source: Intuit Inc.
FAQ
What is the income limit for QuickBooks Sole Trader users?
When will Making Tax Digital (MTD) become mandatory for Intuit's UK customers?
What are the key features of Intuit's QuickBooks Sole Trader?
