
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

TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...

Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More

IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More

LFR Accounting
Accountancy and taxation services

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

MJF ACCOUNTANCY LIMITED
Frequently asked questions
What does an accountant for freelancers do?
An accountant for freelancers manages your tax affairs, including preparing and submitting your Self Assessment tax return to HMRC. They also help with bookkeeping, tracking expenses, and advising on allowable deductions. They can assist with VAT registration and returns if your turnover exceeds the threshold, and they offer guidance on National Insurance contributions. Their goal is to keep you compliant while minimising your tax bill, giving you more time to focus on your freelance work.
How do I choose between an ACCA and an ICAEW accountant?
Both ACCA and ICAEW are prestigious accountancy bodies, and their members are highly qualified. The choice often comes down to personal preference and the specific services you need. ACCA accountants often have strong experience with small businesses and freelancers, whilst ICAEW chartered accountants are known for their rigorous training and expertise in complex tax matters. Check their client reviews and ask about their experience with freelancers in your industry to make the best decision.
Do I need to be VAT-registered as a freelancer?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £85,000 in a rolling 12-month period. Even if you are below this threshold, you can voluntarily register for VAT, which may be beneficial if you incur VAT on business expenses. An accountant can advise on whether voluntary registration is right for you and will handle the registration process with HMRC, as well as preparing your VAT returns.
What is the difference between Self Assessment and Corporation Tax?
Self Assessment is the system used by sole traders and partnerships to report their income and pay tax on their profits. Corporation Tax is a tax on the profits of limited companies. If you operate as a limited company, you must pay Corporation Tax on your company's profits and also file a Self Assessment tax return for your personal income if you take a salary or dividends. An accountant will ensure both are filed correctly and on time.
Can an accountant help me with an HMRC tax investigation?
Yes, an accountant can be invaluable during an HMRC tax investigation. They will handle all communication with HMRC on your behalf, ensuring that your records are presented accurately and that your rights are protected. They can also identify any errors in HMRC's calculations and negotiate a settlement if necessary. Having a qualified professional by your side reduces stress and helps you avoid penalties.
How often should I meet with my accountant?
It is advisable to have regular contact with your accountant throughout the year, not just at tax return time. Many freelancers meet quarterly to review their financial position, discuss cash flow, and plan for upcoming tax payments. Your accountant can also provide ongoing advice on business decisions, such as making large purchases or changing your business structure. Regular meetings help you stay on top of your finances and avoid surprises.
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