
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
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
Frequently asked questions
What specific services do accountants for freelancers in Rhondda Cynon Taf offer?
Accountants for freelancers typically provide a range of services including preparing and filing Self Assessment tax returns, bookkeeping, VAT returns, and Corporation Tax for limited companies. They also offer advice on allowable expenses, tax planning, and ensuring compliance with HMRC regulations. Many also assist with setting up a limited company or managing payroll if you employ staff.
How can an accountant help me with my HMRC tax return?
An accountant can take the stress out of your tax return by ensuring all your income and expenses are correctly recorded and that you claim all allowable deductions. They will prepare and submit your return to HMRC before the deadline, reducing the risk of penalties. They can also help if HMRC enquires into your return.
Why should I choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualifications are globally recognised and indicate a high level of professional competence and ethical standards. Members must complete continuous professional development and adhere to strict codes of conduct. Choosing such a professional ensures you receive expert, up-to-date advice and that your financial affairs are handled with integrity and precision.
What is the difference between a freelancer and a limited company for tax purposes?
A freelancer can operate as a sole trader or through a limited company. As a sole trader, you pay Income Tax and National Insurance on your profits via Self Assessment. With a limited company, you pay Corporation Tax on company profits and then tax on any salary or dividends you take. An accountant can help you decide which structure is most tax-efficient for your situation.
How often should I meet with my accountant?
The frequency of meetings depends on your needs. Many freelancers meet with their accountant quarterly to review finances and plan for tax payments. Others only have contact at year-end for their tax return. A good accountant will be available throughout the year for queries, but regular reviews can help with cash flow management and proactive tax planning.
Can an accountant help me with VAT registration and returns?
Yes, an accountant can advise whether you are required to register for VAT based on your turnover, and whether voluntary registration would be beneficial. They can also complete and submit your VAT returns, ensure you are claiming the right input tax, and help you choose a suitable VAT scheme, such as the Flat Rate Scheme if appropriate.
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