
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

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

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

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

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

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

MADE SIMPLE GROUP LIMITED
Founded in 2003, we've formed over 1 million companies and helped thousands of business owners start, run and grow their business. We help you form ...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

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

Alpha Tax & Accounting
Alpha Tax & Accounting is an independent firm of Financial Accountants. We can help small businesses, established businesses, start-ups, partnerships,...See More

Reckonwell Finance
We are a distinguished Boutique Virtual Finance Office that champions excellence in financial solutions.

YOUR COMPANY FORMATIONS LTD
Setting up a new company can often be a daunting especially if you have never run a business before. Your Company Formations are a team of experienced...See More

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

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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Frequently asked questions
What should I look for when choosing an accountant for my freelance business?
When selecting an accountant, look for recognised qualifications such as ACCA, ICAEW, or AAT, as these indicate a high level of expertise and adherence to professional standards. Experience with freelancers is also important, as they will understand your specific tax and accounting needs. Check that they are registered with HMRC for money laundering supervision and consider their communication style and availability. A good accountant should offer proactive advice and be accessible when you need them.
How can a freelance accountant help me with my Self Assessment tax return?
A freelance accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring you meet HMRC deadlines. They will review your income and expenses to identify all allowable deductions, which can reduce your tax bill. They can also advise you on payments on account and help you plan for future tax liabilities. If HMRC enquires into your return, your accountant can represent you and handle all correspondence.
What are the benefits of using a certified accountant rather than doing my own taxes?
Certified accountants bring specialist knowledge and experience, which helps you avoid costly errors and penalties. They stay up to date with changing tax laws and HMRC requirements, ensuring full compliance. They can also identify tax-saving opportunities you might miss, such as claiming all eligible expenses or structuring your business efficiently. Using a professional saves you time and reduces stress, giving you confidence that your finances are managed correctly.
Do I need an accountant if I am a freelancer with a limited company?
Yes, having an accountant is highly beneficial if you operate through a limited company. They can help with Corporation Tax returns, company accounts, and payroll if you take a salary. They will also advise on dividend payments, IR35 status, and other compliance matters. An accountant ensures your company meets all statutory filing requirements and helps you manage your tax liabilities effectively, allowing you to focus on growing your business.
How does VAT registration affect my freelance business, and can an accountant help?
VAT registration becomes compulsory once your taxable turnover exceeds the current threshold, but you can also register voluntarily. An accountant can help you decide whether voluntary registration is beneficial for your business. They will assist with VAT returns, advise on which scheme to use, such as the flat rate scheme, and ensure you comply with HMRC rules. They can also guide you on input tax recovery and invoicing requirements.
What records do I need to keep as a freelancer, and how can an accountant assist?
As a freelancer, you must keep records of all income and expenses, including invoices, receipts, and bank statements. You should also track any business mileage, home office costs, and other allowable expenses. An accountant can help you set up an efficient record-keeping system, whether using spreadsheets or accounting software. They can also provide guidance on what to keep and for how long, ensuring you are prepared for HMRC compliance.
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