
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

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant, you should verify their qualifications and regulatory status. Look for professionals who are members of recognised bodies such as ACCA, ICAEW, or AAT. It is also important to find someone with experience working with freelancers, as they will understand the specific tax rules and allowable expenses that apply to your situation.
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. They will review your income and expenses to ensure you claim all allowable deductions, which can reduce your tax bill. They can also advise on payments on account and help you respond to any queries from HMRC regarding your return.
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. An accountant can help you determine if registration is necessary or beneficial for your business. They can also manage your VAT returns, advise on schemes like the Flat Rate Scheme, and ensure you remain compliant with HMRC regulations.
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. A limited company is a separate legal entity, which can offer tax advantages and limited liability. An accountant can explain the implications of each structure, including Corporation Tax obligations, and help you decide which is best for your circumstances.
How does the AccountingFirms directory verify the accountants listed?
AccountingFirms was established by qualified ICAEW and ACCA accountants, and the platform verifies that all listed firms hold the necessary regulatory licences and professional memberships. This vetting process helps ensure that the accountants you find through the directory are credible, regulated, and committed to high professional standards.
Can an accountant help me if HMRC launches an investigation into my tax affairs?
Yes, an accountant can provide invaluable support if HMRC investigates your tax affairs. They can handle all communication with HMRC on your behalf, help you gather the necessary records, and ensure that your rights are protected. Having a qualified professional to guide you through the process can significantly reduce stress and help achieve a fair outcome.
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