
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

Argents Chartered Accountants
An established firm of chartered accountants based in Norwich, we provide a range of accountancy and business support services to clients throughout t...See More

GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More

J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More

Virtue Accountants Ltd

LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...

Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More

Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More

Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...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

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
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...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

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

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
Frequently asked questions
What specific services do accountants for freelancers offer?
Accountants for freelancers typically offer services such as preparing and filing Self Assessment tax returns, bookkeeping, VAT registration and returns, and tax planning. They can also advise on allowable expenses, help with HMRC correspondence, and assist with setting up a limited company if needed. Their goal is to manage your financial compliance efficiently, leaving you more time to focus on your freelance work.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
All three qualifications indicate a high level of competence and professionalism. ACCA and ICAEW accountants are chartered and often have extensive experience with complex tax matters. AAT qualified accountants are skilled in bookkeeping and preparing accounts. Your choice depends on your needs. For straightforward tax returns, an AAT member may suffice. For more complex financial structures, an ACCA or ICAEW professional is advisable.
Can an accountant help me with an HMRC tax investigation?
Yes, an experienced accountant can be invaluable during an HMRC investigation. They can handle all communication with HMRC on your behalf, prepare the necessary documentation, and ensure your records are presented clearly. Their knowledge of tax law and procedures helps protect your rights and aims to minimise any potential penalties or additional tax liabilities. Having professional representation provides significant peace of mind.
What records do I need to keep for my freelance accountant?
You should keep records of all income received, including invoices and bank statements. For expenses, retain receipts, bills, and records of any business-related purchases. If you work from home, keep a log of household costs. Also track mileage for business travel. Your accountant can use this information to accurately prepare your tax return and ensure you claim all allowable deductions.
How often should I meet with my accountant?
Many freelancers meet with their accountant quarterly or at least twice a year. This allows for proactive tax planning and ensures your records are up to date. However, communication can be more frequent, especially around deadlines or if your circumstances change. Some accountants offer ongoing support via email or phone. Regular contact helps you stay on top of your finances and avoid last-minute surprises.
What is the difference between Self Assessment and Corporation Tax for freelancers?
Self Assessment applies to sole traders and partnerships, where you pay Income Tax and National Insurance on your profits. Corporation Tax is paid by limited companies on their taxable profits. If you operate as a sole trader, you complete a Self Assessment tax return. If you run a limited company, the company pays Corporation Tax, and you may also complete a Self Assessment for your personal salary or dividends.
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