
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
Frequently asked questions
What does an accountant for freelancers do?
An accountant for freelancers helps you manage your self-employed finances, including preparing your Self Assessment tax return, tracking income and expenses, and ensuring you meet HMRC deadlines. They can also advise on allowable deductions, VAT registration, and tax planning, helping you reduce your tax bill while staying compliant with regulations.
Why should I use a qualified accountant rather than doing it myself?
Qualified accountants hold recognised accreditations from bodies such as ACCA, ICAEW, or AAT, which means they have proven expertise and follow strict professional standards. They stay up to date with changes in tax law and HMRC requirements, reducing the risk of errors or penalties. Their advice can save you money and time, allowing you to focus on your freelance work.
How do I choose the right accountant for my freelance business?
Consider factors such as the accountant's experience with freelancers, their qualifications, and whether they offer services that match your needs, such as VAT or Corporation Tax advice. It is also important to check their fees and communication style. Using a directory like AccountingFirms allows you to compare local professionals and read reviews from other clients.
What is the difference between Self Assessment and Corporation Tax?
Self Assessment is the system used by sole traders and partnerships to report their income to HMRC and pay Income Tax and National Insurance. Corporation Tax is paid by limited companies on their profits. Your accountant can help you understand which applies to your freelance structure and ensure you meet all filing obligations correctly.
Can an accountant help me with VAT registration and returns?
Yes, an accountant can advise whether you need to register for VAT based on your turnover and can help you complete your VAT returns accurately. They can also guide you on schemes like the Flat Rate Scheme if you are eligible, ensuring you claim the right input tax and remain compliant with HMRC rules.
What records should I keep as a freelancer for my accountant?
You should keep records of all income, including invoices and bank statements, and all business expenses, such as receipts for equipment, travel, and software. Also retain records of any personal income that affects your tax. Your accountant can help you organise these records and advise on the best way to store them for HMRC.
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