
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

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

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...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

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

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

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

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

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

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

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...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

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant, look for recognised qualifications from bodies such as ACCA, ICAEW, or AAT. Check their experience with freelancers specifically, as they should understand Self Assessment, VAT, and allowable expenses. Consider their communication style and whether they offer proactive advice. It is also wise to review their fee structure and ensure they are registered with HMRC for money laundering supervision.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, reducing the risk of HMRC penalties. They will identify all allowable business expenses to minimise your tax bill, calculate your Class 2 and Class 4 National Insurance contributions, and advise on payments on account. They can also help if you need to amend a previous return or respond to HMRC enquiries.
Do I need to register for VAT as a freelancer?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £90,000. However, you may choose to register voluntarily if you want to reclaim VAT on business purchases. An accountant can assess your situation and advise whether voluntary registration is beneficial. They can also help you complete VAT returns and ensure compliance with Making Tax Digital requirements.
What are the benefits of using a qualified accountant over a general bookkeeper?
A qualified accountant, such as one with ACCA or ICAEW status, has undergone rigorous training and must adhere to professional standards. They can provide strategic tax planning, represent you before HMRC, and offer advice on complex financial matters. Bookkeepers are excellent for day-to-day record keeping, but an accountant brings a higher level of expertise that can save you money and protect you from compliance issues.
How often should I meet with my accountant to keep my finances in order?
It is advisable to have at least quarterly check-ins with your accountant, though monthly meetings can be beneficial if your business is growing quickly. Regular contact ensures that you are setting aside enough for tax, claiming all allowable expenses, and staying on top of deadlines. Your accountant can also provide year-end planning advice and help you forecast for the coming year.
Can an accountant help me if HMRC launches an investigation into my tax return?
Yes, an accountant can be invaluable during an HMRC investigation. They can handle all correspondence with HMRC on your behalf, gather the necessary records, and prepare a robust defence of your tax return. Their expertise ensures that your rights are protected and that you do not inadvertently admit to errors. Having professional representation can reduce stress and help achieve a favourable outcome.
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