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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

IDEO BUSINESS SERVICES LTD
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Stewart Accounting Services
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Agility Bookkeeping
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Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

TaxKings Tax Made Simple
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LFR Accounting
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NIXON WILLIAMS LIMITED
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Pepperhill Associates
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LLOYDS ACCOUNTANTS LTD
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Holden Associates
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Holdsworth Accountancy
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GE ACCOUNTANCY LTD
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

MGM & CO. Chartered Certified Accountants
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Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant for your freelance activities, you should look for someone who is qualified and regulated by a recognised body such as ACCA, ICAEW, or AAT. It is also important to find an accountant who has experience working with freelancers and understands the specific tax obligations you face. They should be able to offer advice on Self Assessment, allowable expenses, and VAT, and be proactive in helping you plan your finances effectively.
How can a freelancer accountant help with my tax return?
A freelancer accountant can prepare and submit your Self Assessment tax return to HMRC on your behalf, ensuring that all figures are accurate and that you claim every deduction you are entitled to. They will keep track of your income and expenses throughout the year, so that at the end of the tax year, the process is straightforward. They can also advise on payments on account and help you avoid common mistakes that lead to penalties.
Do I need to register for VAT as a freelancer?
If your taxable turnover exceeds the current VAT threshold, which is £85,000, you must register for VAT with HMRC. Even if you are below the threshold, you may choose to register voluntarily, especially if you work with VAT-registered clients who can reclaim the VAT you charge. A qualified accountant can help you decide whether registration is beneficial and manage your VAT returns and records.
What are the benefits of using an ACCA or ICAEW qualified accountant?
Accountants who are members of ACCA or ICAEW have passed rigorous examinations and must maintain their professional competence through continuing development. They are bound by strict ethical guidelines and are subject to regulation, which gives you confidence in their work. Their expertise ensures that you receive accurate advice on tax matters, and they are well-versed in current HMRC rules, helping you stay compliant and avoid costly errors.
Can an accountant help me with Corporation Tax if I am a limited company freelancer?
Yes, if you operate your freelance business through a limited company, your accountant can assist with Corporation Tax. They will prepare your company accounts, calculate the Corporation Tax due, and ensure that your Company Tax Return is filed with HMRC on time. They can also advise on salary and dividend payments, allowable expenses, and other tax planning strategies to minimise your company's tax liability.
How often should I meet with my accountant throughout the year?
It is advisable to have regular contact with your accountant, not just at the end of the tax year. Many freelancers benefit from quarterly reviews to discuss cash flow, upcoming tax payments, and any changes in their business. Your accountant can provide ongoing advice and help you make informed decisions. Some accountants offer year-round support as part of their service, so you can reach out whenever you have a query.
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