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 specific services do accountants for freelancers typically offer?
Accountants for freelancers typically offer a range of services tailored to self-employed individuals. These include preparing and filing Self Assessment tax returns, managing VAT returns, and providing bookkeeping support. They also offer tax planning advice to help you minimise your liabilities, and can assist with setting up and running a limited company if you choose to incorporate. Many also provide payroll services if you employ staff, and can represent you in communications with HMRC.
How can an accountant help me with my Self Assessment tax return?
An accountant can take the stress out of your Self Assessment by accurately calculating your taxable income and allowable expenses. They will ensure that your return is filed before the January deadline, avoiding any late filing penalties. They also review your records to identify all legitimate deductions, such as home office costs or professional subscriptions. If HMRC enquires into your return, your accountant can handle the correspondence and provide the necessary evidence on your behalf.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA and ICAEW are chartered accountancy bodies, and their members are fully qualified chartered accountants with extensive experience. AAT is a professional body for accounting technicians, who may have completed a lower-level qualification but often work under the supervision of a chartered accountant. All three represent recognised standards of competence, but ACCA and ICAEW qualifications indicate a higher level of training and expertise, particularly in complex tax matters.
Do I need to be VAT-registered as a freelancer?
You must register for VAT once your taxable turnover exceeds the current threshold, which is £85,000. However, you can also choose to register voluntarily if it benefits your business, for example if you want to reclaim VAT on your purchases. An accountant can advise you on whether voluntary registration is worthwhile, and can handle your VAT returns and ensure you comply with HMRC's Making Tax Digital requirements.
Can an accountant help me if I have missed a tax deadline?
Yes, an accountant can assist you if you have missed a tax deadline. They can help you file your return as quickly as possible to minimise any additional penalties. They can also communicate with HMRC on your behalf to explain the circumstances and potentially negotiate a reduction in penalties if there are reasonable grounds. It is always advisable to seek professional help promptly if you have missed a deadline.
How do I choose the right accountant for my freelance business?
When choosing an accountant, look for someone who has experience working with freelancers in your industry. Check their qualifications, such as membership with ACCA, ICAEW, or AAT, and ensure they are regulated. Consider their fee structure and whether they offer fixed-price packages. It is also important to assess their communication style and availability. Many accountants offer a free initial consultation, which can help you determine if they are a good fit for your needs.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.