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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
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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

MRC Accounting Services
Providing accounting services and solutions
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.

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

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

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

J. Jervis Accounting Services LTD

THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm

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

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

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...

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

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
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
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.
Frequently asked questions
What specific services do accountants for freelancers typically offer?
Accountants for freelancers typically offer a comprehensive range of services designed to meet the unique needs of self-employed individuals. These services usually include preparing and submitting your annual Self Assessment tax return, managing your VAT registration and quarterly returns, and providing ongoing bookkeeping support. They also offer valuable advice on allowable expenses, tax planning strategies, and ensuring compliance with HMRC regulations. Many accountants also assist with setting up a limited company, preparing statutory accounts, and advising on Corporation Tax liabilities. By outsourcing these tasks, you can save time and reduce the risk of errors, whilst gaining peace of mind that your financial affairs are in order.
How can an accountant help me with my Self Assessment tax return?
An accountant can be invaluable when it comes to your Self Assessment tax return. They will carefully review all your income and expenses to ensure you claim every legitimate deduction, thereby reducing your overall tax bill. They will also calculate the correct amount of tax and National Insurance you owe, and they will submit the return to HMRC electronically before the deadline. Furthermore, they can advise you on making payments on account and help you plan for future tax bills. If HMRC ever enquires into your return, your accountant will provide expert representation and handle all communications, giving you complete confidence and peace of mind throughout the process.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA and ICAEW are prestigious professional bodies for accountants in the UK, but they have different historical focuses. ACCA, the Association of Chartered Certified Accountants, has a strong international presence and is often favoured by those working in business or practise with a global outlook. ICAEW, the Institute of Chartered Accountants in England and Wales, is highly regarded for its rigorous training and is particularly strong in areas like audit and financial reporting. Both qualifications require significant study and practical experience, and members of either body are bound by strict ethical codes. Choosing between them often comes down to the specific expertise and background of the individual accountant, rather than one being superior to the other.
Do I need to register for VAT as a freelancer?
You must register for VAT if your taxable turnover for the previous 12 months exceeds the current VAT threshold, which is £90,000. Even if your turnover is below this threshold, you may choose to voluntarily register for VAT, which can be beneficial if you mainly supply other VAT-registered businesses, as you can reclaim VAT on your own purchases. An accountant can help you determine whether compulsory or voluntary registration is right for you. They will also guide you through the process of registering, choosing the correct VAT scheme, and submitting your returns to HMRC on time, ensuring you remain fully compliant with all regulations.
How does an accountant help with HMRC investigations or enquiries?
If HMRC opens an enquiry into your tax return, it can be a stressful and time-consuming experience. An accountant can provide invaluable support by acting as your agent and handling all direct communication with HMRC on your behalf. They will help you gather the necessary records and prepare a robust response to any questions raised. Their expert knowledge of tax law and HMRC procedures ensures that your rights are protected and that you provide the correct information. In many cases, an accountant can resolve the enquiry efficiently without any penalty, and they will also advise you on any steps needed to prevent future issues.
What records should I keep as a freelancer for my accountant?
As a freelancer, you must keep accurate records of all your income and expenses for at least five years after the 31 January submission deadline. This includes invoices you have issued, receipts for business purchases, bank statements, and records of any personal money introduced into or taken out of the business. If you are VAT-registered, you also need to keep a VAT account. Your accountant will need these records to prepare your accounts and tax return accurately. Using accounting software can simplify this process, and your accountant can recommend suitable options. Keeping well-organised records will save you time and money when your accountant prepares your annual return.
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