
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

City Tax London
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TITUS ACCOUNTS LTD
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Hayes Accountants
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Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

Tax Cruncher
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Taxeasy Ltd
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" Accountify – Chartered Certified Accountants"
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Fitzgeralds Accountants Limited
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Central London Accountants
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Cheap - Accountants
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London Accountants
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Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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Yourtaxhelp
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DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...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

Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More

Startup Accountants
Our startup accountants London operate with a specific approach to keep your business afloat. Gradually positioning it where you have dreamt it to be....See More
Frequently asked questions
What should I look for when choosing an accountant for my freelance business?
When selecting an accountant, look for recognised qualifications such as ACCA, ICAEW, or AAT. Experience with freelancers is also important, as they will understand self-employment tax rules. Check that they offer services you need, like Self Assessment or VAT. Finally, consider their communication style and whether they are accessible when you have questions. A good accountant should be proactive and help you plan for tax liabilities.
How can an accountant help me with HMRC Self Assessment?
An accountant can prepare and file your Self Assessment tax return accurately and on time. They will ensure you claim all allowable expenses and reliefs, reducing your tax bill. They can also advise on payments on account and help you deal with any HMRC correspondence. By using a professional, you avoid costly errors and penalties, and you gain peace of mind knowing your tax affairs are handled correctly.
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 also choose to register voluntarily if you want to reclaim VAT on business purchases. An accountant can advise on whether voluntary registration is beneficial for your specific circumstances. They can also handle your VAT returns and ensure you remain compliant with HMRC regulations.
What is the difference between an ACCA and an ICAEW accountant?
ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are both prestigious professional bodies. ACCA has a global focus, while ICAEW is more UK-centric. Both require rigorous exams and practical experience. When choosing, consider the accountant's individual expertise and client reviews. Both qualifications indicate a high level of competence and ethical standards, so either is a good choice for a freelancer.
Can an accountant help me with Corporation Tax if I trade as a limited company?
Yes, if you operate as a limited company, your accountant will prepare your annual accounts and compute your Corporation Tax liability. They will ensure you file your Company Tax Return with HMRC on time and advise on tax-efficient ways to extract profits, such as salary versus dividends. They can also help with corporation tax planning and ensure you meet all filing obligations, avoiding penalties.
How often should I meet with my accountant?
The frequency of meetings depends on your needs. Many freelancers meet their accountant quarterly to review finances and plan for tax. Others only meet annually to prepare their tax return. However, a good accountant will be available throughout the year for ad hoc queries. Regular communication helps you stay on top of your finances and make informed decisions. Discuss your expectations with your accountant to agree on a suitable schedule.
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