
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 I look for when choosing an accountant for my freelance work?
When selecting an accountant, look for recognised qualifications such as ACCA, ICAEW, or AAT, as these ensure a high standard of expertise. It is also important to find someone who has experience working with freelancers and understands your specific industry. Consider their communication style and whether they offer proactive advice, not just annual tax return preparation. Finally, check that they are registered with a professional body and have appropriate indemnity insurance to protect your interests.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring that you claim all allowable expenses and reliefs. They will help you organise your financial records throughout the year, making the process less stressful. They can also calculate your payments on account and advise on how to reduce your tax bill legally. If HMRC queries your return, your accountant can represent you and handle the correspondence.
Do I need to register for VAT as a freelancer?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £90,000. However, even if you are below this threshold, voluntary registration can be beneficial if you incur significant VAT on your business purchases. An accountant can help you assess whether voluntary registration is right for you, and they can manage your VAT returns and ensure you comply with HMRC regulations. They will also advise on schemes like the Flat Rate Scheme if applicable.
What is the difference between a sole trader and a limited company for freelancers?
As a sole trader, you are personally responsible for business debts and pay Income Tax on your profits through Self Assessment. A limited company is a separate legal entity, meaning you pay Corporation Tax on profits and may have more tax planning opportunities. Many freelancers choose a limited company to appear more professional or to maximise tax efficiency, but it comes with additional administrative duties. An accountant can explain the pros and cons based on your income and goals.
How often should I meet with my accountant?
Most freelancers benefit from meeting their accountant at least twice a year, once for a mid-year review and once before the January tax deadline. However, you may need more frequent contact if your circumstances change, such as taking on a large contract or registering for VAT. Many accountants offer ongoing support via email or phone, so you can ask questions throughout the year. Regular communication ensures that you stay on top of your finances and avoid surprises at year end.
What records do I need to keep for my accountant?
You should keep records of all your income and expenses, including invoices, receipts, bank statements, and records of any personal money used for business. If you are VAT registered, you must also keep a VAT account and copies of all VAT invoices. It is wise to maintain a separate business bank account to simplify record keeping. Your accountant can provide a checklist and help you set up a system to track everything efficiently, ensuring you are HMRC compliant.
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.
