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
Persona Finance
Persona Finance is a London accounting company with an office at 63/66 Hatton Garden in London. Due to the lock-down, we are happy to provide ou...See More
Frequently asked questions
What specific services do accountants for freelancers typically provide?
Accountants for freelancers typically provide a range of services including preparing and filing Self Assessment tax returns, bookkeeping, and VAT returns. They also offer advice on allowable expenses, tax-efficient profit extraction, and can help with Corporation Tax if you operate through a limited company. Many also assist with HMRC investigations and provide general financial guidance.
How can a freelance accountant help with my Self Assessment tax return?
A freelance accountant will ensure your Self Assessment tax return is completed accurately and submitted before the HMRC deadline. They will identify all allowable business expenses you can claim, reducing your tax bill. They also calculate your Class 2 and Class 4 National Insurance contributions, and can advise on payments on account to help you manage your cash flow effectively.
What is the difference between an ACCA and an ICAEW qualified accountant?
Both ACCA and ICAEW qualifications are highly respected and demonstrate a high level of professional competence. ACCA (Association of Chartered Certified Accountants) has a strong focus on international standards, whilst ICAEW (Institute of Chartered Accountants in England and Wales) is a prestigious UK-based institute. Both require rigorous exams and practical experience, ensuring you receive expert advice.
Should I hire an accountant if I am a freelancer just starting out?
Yes, hiring an accountant from the start is a wise investment. They can help you set up your business structure correctly, register with HMRC, and establish good bookkeeping practices from day one. This proactive approach prevents costly mistakes later and ensures you are fully compliant, allowing you to focus on building your client base and generating income.
How do accountants help freelancers who are VAT-registered?
For VAT-registered freelancers, an accountant will manage your VAT returns, ensuring they are filed correctly and on time. They will advise you on the best VAT scheme for your business, such as the Flat Rate Scheme or Annual Accounting Scheme. They also help you understand what can be reclaimed and prepare you for any HMRC checks.
What should I look for when comparing accountants for my freelance business?
When comparing accountants, consider their qualifications and experience with freelancers in your specific industry. Look for a proactive adviser who offers clear communication and is accessible. Check their fees and what services are included, and read client testimonials. Ensure they are regulated by a professional body like AAT, ACCA, or ICAEW for your protection.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.