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 services do accountants for freelancers typically provide?
Accountants for freelancers typically provide a range of services including preparing and submitting your Self Assessment tax return, managing VAT returns, and offering tax planning advice. They can also help you set up a limited company, prepare statutory accounts, and advise on allowable expenses. Many firms offer ongoing bookkeeping and payroll services if you have employees. Their goal is to ensure you meet HMRC deadlines and minimise your tax liability whilst keeping your finances organised.
Why should I use an accountant who is ACCA or ICAEW qualified?
Using an accountant who is ACCA or ICAEW qualified provides assurance of their professional competence and adherence to strict ethical standards. These qualifications require rigorous training and ongoing continuing professional development, meaning the accountant stays up to date with the latest tax laws and regulations. This is particularly important when dealing with HMRC, as errors can lead to penalties. A qualified accountant will also have professional indemnity insurance, giving you added protection and peace of mind.
How can an accountant help me with my Self Assessment tax return?
An accountant can help with your Self Assessment tax return by accurately calculating your taxable income and expenses, ensuring you claim all allowable deductions. They will complete and submit the return to HMRC before the deadline, reducing your risk of late filing penalties. They can also advise you on payments on account and help you plan for future tax bills. If HMRC enquires into your return, your accountant can represent you and handle all communications.
What is the difference between a sole trader and a limited company for freelancers?
As a sole trader, you are personally responsible for your business debts and pay Income Tax on your profits through Self Assessment. A limited company is a separate legal entity, meaning you pay Corporation Tax on company profits and then dividends or salary to yourself. Many freelancers choose a limited company for potential tax efficiency and limited liability. An accountant can explain the pros and cons of each structure and help you decide which is best for your circumstances.
Do I need to register for VAT as a freelancer?
You must register for VAT if your taxable turnover exceeds the current VAT threshold, which is £90,000 for the 2024/25 tax year. However, you can also choose to register voluntarily, which might be beneficial if you incur VAT on business purchases or if your clients are VAT-registered. An accountant can help you determine whether voluntary registration is right for you, manage your VAT returns, and ensure you comply with HMRC regulations.
How can AccountingFirms help me find the right accountant in Roxburghshire?
AccountingFirms is a directory that allows you to search for verified accountants in Roxburghshire who specialise in working with freelancers. You can compare firms based on their qualifications, services, and client reviews. The platform was created by ICAEW and ACCA accountants, so you can trust that all listed professionals are regulated and experienced. This makes it easier to find an accountant who understands your specific needs and can offer the right level of support.
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.