ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What services do accountants for freelancers typically provide?
Accountants for freelancers typically provide a range of services including preparing and filing Self Assessment tax returns, managing VAT returns, bookkeeping, and offering advice on allowable expenses. They can also help with tax planning, setting up a limited company, and ensuring you meet all HMRC deadlines. Many accountants offer ongoing support throughout the year, not just at tax time, helping you understand your financial position and plan for future growth. They may also assist with payroll if you employ staff or need to pay yourself a salary.
How can an accountant help me with my HMRC Self Assessment?
An accountant can help you with your HMRC Self Assessment by preparing your tax return accurately and ensuring it is submitted on time. They will review your income and expenses to identify all allowable deductions, which can reduce your tax bill. They can also advise on payments on account and ensure you are not paying more tax than necessary. If HMRC enquires into your return, your accountant can represent you and handle communications, giving you peace of mind that your affairs are being managed correctly.
What qualifications should I look for in an accountant?
Look for an accountant who is qualified with a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications demonstrate that the accountant has completed rigorous training and adheres to strict ethical and professional standards. Membership in these bodies also means the accountant must undertake continuing professional development to stay up to date with tax law changes. Choosing a qualified accountant ensures you receive expert advice and that your financial affairs are handled competently and with integrity.
Do I need an accountant if I am a freelancer with a limited company?
Yes, if you operate as a freelancer through a limited company, you have additional responsibilities such as filing Corporation Tax returns, maintaining statutory records, and preparing annual accounts. An accountant can help you manage these obligations, ensure you meet deadlines, and advise on tax-efficient ways to extract profits, such as salary versus dividends. They can also assist with payroll and ensure your company remains compliant with Companies House requirements, allowing you to focus on your work.
How much does it cost to hire an accountant for freelancers in Aberdeenshire?
The cost of hiring an accountant for freelancers in Aberdeenshire varies depending on the complexity of your affairs and the level of service you require. Some accountants charge a fixed monthly fee for ongoing support, while others charge a one-off fee for preparing your annual tax return. Prices can range from around £100 for a simple Self Assessment to several hundred pounds for a limited company with full bookkeeping. It is advisable to obtain quotes from several firms and compare what is included in the fee.
Can an accountant help me if I have missed a tax deadline?
Yes, an accountant can help you if you have missed a tax deadline. They can advise you on the penalties you may face and help you submit your return as soon as possible to minimise any additional charges. They can also communicate with HMRC on your behalf, potentially explaining any mitigating circumstances and requesting that penalties be reduced or waived. While they cannot guarantee that penalties will be cancelled, their expertise can help you navigate the situation and get back on track.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.