
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

Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More

ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More

Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More

MRC Accounting Services
Providing accounting services and solutions

Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More

T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...See More
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant for your freelance business, look for someone who holds a recognised qualification from a professional body such as ACCA, ICAEW, or AAT. This ensures they have the necessary expertise and adhere to strict ethical standards. It is also important to find an accountant who has experience working with freelancers and understands the specific tax rules that apply to you. Consider their communication style and whether they offer proactive advice, as a good accountant will help you plan for tax bills and identify allowable expenses throughout the year.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return to HMRC on your behalf, ensuring that all income and expenses are correctly reported. They will help you identify allowable business expenses, claim all relevant reliefs, and calculate your tax liability accurately. By using an accountant, you reduce the risk of errors and penalties, and you also gain valuable advice on how to manage your tax affairs more efficiently. They can also help you set aside money for your tax bill and make payments on account when necessary.
What are the benefits of using an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualified accountants have undergone rigorous training and assessments, demonstrating a high level of technical knowledge and professional competence. They are bound by strict codes of conduct and must maintain their skills through continuing professional development. This gives you confidence that your financial affairs are handled with integrity and expertise. Additionally, these accountants often have access to specialist resources and networks, which can be beneficial when dealing with complex tax issues or planning for the future of your freelance business.
Do I need to register for VAT as a freelancer?
If your taxable turnover exceeds the current VAT threshold, which is £90,000, you must register for VAT with HMRC. However, even if your turnover is below this threshold, you may choose to register voluntarily, especially if you incur significant VAT on your business expenses. An accountant can help you understand whether voluntary registration is beneficial for your specific circumstances. They can also manage your VAT returns and ensure you comply with all regulations, including the correct treatment of digital services under the VAT rules.
How can an accountant help me with Corporation Tax if I operate as a limited company?
If you operate as a limited company, your accountant can prepare and file your Corporation Tax return with HMRC, ensuring that your company pays the correct amount of tax. They will help you identify all allowable deductions, manage your company's expenses, and plan for tax-efficient profit extraction. An accountant can also advise on salary versus dividends, ensuring you minimise your overall tax burden while remaining compliant. They will also keep you informed of any changes to Corporation Tax rates or rules that may affect your business.
What records do I need to keep as a freelancer for my accountant?
As a freelancer, you need to keep accurate records of all your income and expenses, including invoices, receipts, and bank statements. You should also record any personal income that affects your tax position, such as interest or dividends. Your accountant will need these records to prepare your tax return and ensure you claim all allowable expenses. It is advisable to keep digital copies of all documents and to update your records regularly. Your accountant can provide a list of acceptable expenses and help you set up an efficient bookkeeping system.
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