
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 should a freelancer look for when choosing an accountant in Armagh?
When selecting an accountant, look for someone who has experience working with freelancers and understands your specific industry. Check that they are qualified with a recognised body such as ACCA, ICAEW, or AAT. It is also important to consider their communication style and whether they offer proactive advice on tax planning and expense tracking.
How can an accountant help with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time. They will review your income and expenses to ensure you claim all allowable deductions, reducing your tax liability. They can also advise on payments on account and help you respond to any queries from HMRC.
Do I need to register for VAT as a freelancer?
You must register for VAT if your taxable turnover exceeds the current threshold, but you can also register voluntarily. An accountant can advise whether voluntary registration is beneficial for your business, considering your client base and whether you can reclaim VAT on your purchases.
What are the benefits of using a qualified accountant over doing my own taxes?
A qualified accountant brings professional expertise and up-to-date knowledge of tax legislation. They can identify deductions you might miss, help you structure your business efficiently, and reduce the risk of costly errors. Their advice often saves you time and money, giving you more freedom to focus on your freelance work.
Can an accountant help if I am investigated by HMRC?
Yes, an accountant can provide invaluable support during an HMRC investigation. They can handle correspondence on your behalf, prepare the necessary documentation, and represent you in discussions. Their professional knowledge helps ensure that your rights are protected and that any penalties are minimised.
How often should I meet with my accountant?
The frequency of meetings depends on your business needs. Many freelancers meet their accountant quarterly to review finances and plan for tax payments. Others prefer an annual meeting for tax return preparation. Regular communication is beneficial to stay on top of changing regulations and to adjust your tax strategy as your income evolves.
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