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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

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
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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

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

TaxAssist Accountants
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Rochvilles & Co Accountants Ltd
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Southall Accountants
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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

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

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
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Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More

Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...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 membership. Experience with freelancers and contractors is also vital, as they will understand your unique tax situation. Check that they offer services like Self Assessment filing, VAT registration, and tax planning. Finally, consider their communication style and availability, as you want someone who responds promptly and explains matters clearly.
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 you meet HMRC deadlines. They will identify all allowable business expenses and reliefs you are entitled to, which can significantly reduce your tax bill. They also handle any correspondence from HMRC and can represent you if your return is selected for review, providing peace of mind.
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 limit, you may choose to register voluntarily, especially if you work with VAT-registered clients who can reclaim the VAT you charge. An accountant can advise on whether voluntary registration is beneficial for your specific circumstances.
What is the difference between an ACCA and an AAT qualified accountant?
AAT (Association of Accounting Technicians) qualifications focus on practical accounting skills, such as bookkeeping and preparing accounts. ACCA (Association of Chartered Certified Accountants) is a higher-level professional qualification that covers more complex areas like taxation, audit, and financial management. Both are respected, but your choice may depend on the complexity of your financial affairs.
Can an accountant help me if I have missed the Self Assessment deadline?
Yes, an accountant can assist you even if you have missed the filing deadline. They will help you submit your return as soon as possible to minimise any penalties. They can also communicate with HMRC on your behalf to explain the situation and potentially appeal against late filing penalties if you have a reasonable excuse. Acting quickly is essential to limit additional charges.
How often should I meet with my accountant during the year?
Most freelancers meet with their accountant at least twice a year, once to review their financial position and once before the tax return deadline. However, many accountants offer ongoing support throughout the year, so you can contact them whenever you have a question. Regular communication helps you stay on top of tax planning and ensures you are always prepared for any financial changes.
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