
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

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More

TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More

Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More

KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More

TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...See More
Enterprise Nation
We help people to start and grow their own business.
Frequently asked questions
What should I look for when choosing an accountant for my freelance work in Billericay?
When selecting an accountant, look for recognised qualifications from bodies such as ACCA, ICAEW, or AAT, as these demonstrate a high level of expertise and adherence to professional standards. Also consider their experience with freelancers specifically, as they will be familiar with common issues like IR35, allowable expenses, and quarterly payments on account. Check that they offer services that match your needs, whether that is simple Self Assessment or full Corporation Tax compliance for a limited company. Finally, arrange an initial consultation to assess their communication style and ensure they are approachable and responsive.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and file your Self Assessment tax return accurately and on time, ensuring that you do not face late filing penalties from HMRC. They will review your income and expenses to identify all allowable deductions, thereby reducing your tax liability legally. They can also advise you on payments on account and help you plan for your tax bill so that you are not caught off guard. Furthermore, they can handle any correspondence from HMRC regarding your return and provide support if your tax affairs are selected for a compliance check.
What are the benefits of using a certified accountant who is a member of ACCA or ICAEW?
Certified accountants who belong to professional bodies like ACCA or ICAEW have undergone rigorous training and must adhere to strict ethical guidelines and continuing professional development requirements. This ensures that they remain current with changes in tax legislation and accounting standards. Using such a professional gives you confidence in the accuracy of their advice and the quality of their work. Additionally, they are subject to disciplinary procedures if they fail to meet expected standards, providing you with a level of protection and recourse that is not available when using an unqualified individual.
Do I need to register for VAT as a freelancer in Billericay?
You must register for VAT if your taxable turnover exceeds the current VAT threshold, which is £90,000 as of 2025. However, you may also choose to register voluntarily if you wish to reclaim VAT on your business purchases. An accountant can help you decide whether voluntary registration is beneficial for your specific circumstances, considering factors such as the nature of your clients and the type of expenses you incur. They can also manage your VAT returns and advise on schemes like the Flat Rate Scheme if you are eligible, ensuring you remain compliant with HMRC.
How does Corporation Tax apply to freelancers who operate through a limited company?
If you operate your freelance business through a limited company, you are required to pay Corporation Tax on your company's profits. This involves preparing annual accounts and filing a Corporation Tax return with HMRC, usually within nine months and one day after your company's year end. An accountant can prepare your accounts in accordance with UK GAAP, identify allowable deductions, and ensure that your tax return is submitted accurately and on time. They can also advise on director's salaries, dividends, and pension contributions to minimise your overall tax burden whilst staying within legal boundaries.
What records do I need to keep as a freelancer for my accountant to prepare my accounts?
As a freelancer, you must keep records of all your income and expenses, including invoices, receipts, bank statements, and records of any personal money introduced into or taken out of the business. For a limited company, you also need to maintain records of director's loan accounts and dividend vouchers. It is essential to keep these records for at least five years after the relevant tax year, as HMRC may request to see them. Your accountant can provide you with a checklist and may recommend using accounting software to simplify the process and ensure that nothing is missed.
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