
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

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

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

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

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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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

GOFORMA LIMITED
GoForma is a trusted team of accountants in UK, helping contractors, freelancers, sole&...

ION Chartered Accountant
ION Chartered Accountants are a boutique accountancy and consulting practice that supports small and medium enterprises in a wide range of business se...See More

Clear House Accountants
Clear House Accountants are Performance-driven Business Accountants in London. We are Chartered Accountants focused on helping startups and small bus...See More

TIDE PLATFORM LTD
Tide is about doing what you love We believe the world would be a better place if more people gave it a shot. It’s why we’re building a modern busin...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

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

THEFORMATIONSCOMPANY.COM LIMITED
Forming your company is the first step. Together, we’ll make it an easy one. We’ve helped form more than 750,000 companies. Whether you’re taking a ho...See More

1ST FORMATIONS LIMITED
1st Formations is a leading online company formation agent in the UK. We offer a comprehensive selection of company registration packages and address ...See More

KAAB
BUSINESS ADVISORY-Would you like to see how i can help to improve your profit, your cashflow and the value of your business value?
We want you to i...See More

TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...See More

@UKPLC
More than 40 years ago Stanley Davis started in the company formations business, offering clients cost-effective prices and quick turn-around UK and o...See More
Frequently asked questions
What specific services do accountants for freelancers typically provide?
Accountants for freelancers usually offer a comprehensive range of services designed to simplify your financial administration. These services commonly include preparing and filing your annual Self Assessment tax return, calculating your payments on account, and advising on allowable business expenses. They can also assist with VAT registration and returns, provide bookkeeping support, and offer guidance on your National Insurance contributions. Many professionals will also help you with tax planning strategies to minimise your liabilities legally and ensure you are not paying more than necessary to HMRC.
How often should I communicate with my accountant in New Barnet?
The frequency of communication with your accountant depends entirely on the complexity of your financial affairs and your personal preferences. At a minimum, you should expect to have a detailed conversation before your Self Assessment deadline to review your figures. However, many freelancers benefit from quarterly or even monthly catch-ups to discuss cash flow, upcoming expenses, and potential tax implications of new projects. A proactive accountant will be available to answer urgent queries throughout the year, particularly when you are making significant financial decisions that could affect your tax position.
What is the difference between an ACCA and an AAT qualified accountant?
The main difference lies in the level and focus of their qualifications. AAT (Association of Accounting Technicians) qualifications focus on practical accounting skills, such as bookkeeping, preparing accounts, and using accounting software. ACCA (Association of Chartered Certified Accountants) is a higher-level professional qualification that covers more complex areas like taxation, audit, and financial management. An ACCA member has completed rigorous examinations and practical experience requirements, allowing them to offer more strategic advice. Both are respected, but your choice depends on the complexity of your freelance business needs.
Can an accountant help me if I have missed the HMRC deadline for my tax return?
Yes, an accountant can provide valuable assistance even if you have missed the filing deadline. They can help you submit your return as quickly as possible to minimise any late filing penalties. Furthermore, they can advise you on whether you have a reasonable excuse for the late submission, which might allow you to appeal against the automatic penalty. An experienced professional can also help you manage any interest charges on unpaid tax and set up a payment plan with HMRC if you are struggling to pay your bill in full.
Why is it beneficial to use a local accountant rather than an online-only service?
Using a local accountant in New Barnet offers the advantage of face-to-face meetings, which can be invaluable for building a trusting relationship. You can easily drop off paperwork, have a coffee and discuss your business plans, and receive personalised attention that feels more supportive. Local professionals often have a better understanding of the regional business environment and can offer networking opportunities. While online services are convenient, they can sometimes feel impersonal, and having someone nearby who knows you personally can lead to more tailored and proactive advice for your freelance career.
What records should I keep for my accountant to prepare my accounts accurately?
To prepare accurate accounts, your accountant will need a comprehensive record of your business income and expenses. You should keep all invoices you have issued to clients, as well as receipts for any purchases related to your work, such as equipment, software, travel, and professional subscriptions. You should also maintain a record of your bank statements and any personal money introduced into or taken out of the business. If you work from home, keep records of your household bills to support a claim for a portion of your utility costs.
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