
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

OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.

Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More

Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More

APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More

EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...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

Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More

Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More

Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More

Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More

London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More

Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant for your freelance business, look for someone who holds a recognised qualification from bodies such as ACCA, ICAEW, or AAT. It is also important to find an accountant who has experience working with freelancers and understands your specific industry. Check their availability and communication style, and ensure they offer the services you need, such as Self Assessment preparation or VAT advice. A good accountant will also provide proactive tax planning and be responsive to your queries throughout the year.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and file your Self Assessment tax return accurately and on time, ensuring you meet all HMRC deadlines. They will review your income and expenses to identify all allowable deductions, which can reduce your tax bill. They also calculate your Class 2 and Class 4 National Insurance contributions. If you have any complex income sources, such as dividends or rental income, they can handle those too. Finally, they can advise you on payments on account to help you budget for future tax bills.
Do I need to be VAT-registered as a freelancer?
You must register for VAT if your taxable turnover exceeds the current VAT threshold, which is £90,000. However, you can also choose to register voluntarily, especially if you supply services to other VAT-registered businesses. An accountant can help you decide whether voluntary registration is beneficial for your situation. They will also assist with completing VAT returns, claiming input tax, and ensuring you comply with Making Tax Digital requirements. Their guidance ensures you avoid penalties and manage your cash flow effectively.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA and ICAEW are prestigious professional bodies for accountants in the UK. ACCA, the Association of Chartered Certified Accountants, has a global focus and covers a broad range of business and finance topics. ICAEW, the Institute of Chartered Accountants in England and Wales, is known for its rigorous training and strong emphasis on ethics and professional standards. Both qualifications require extensive study and practical experience. Choosing either ensures you work with a highly competent and regulated professional who is committed to ongoing learning.
Can an accountant help me with Corporation Tax if I am a limited company director?
Yes, an accountant can provide invaluable assistance with Corporation Tax for your limited company. They will prepare your annual accounts and calculate your Corporation Tax liability, ensuring you claim all available reliefs and allowances. They will also advise you on the timing of your payments and help you file your Company Tax Return with HMRC. Additionally, they can assist with strategic tax planning, such as optimising your salary and dividend mix, to minimise your overall tax burden while keeping you compliant.
How often should I meet with my accountant?
The frequency of meetings depends on your business needs and the complexity of your finances. Many freelancers meet with their accountant quarterly to review their income, expenses, and tax provisions. Others prefer an annual meeting before the Self Assessment deadline. Some accountants offer ongoing support via email or phone, which is useful for ad-hoc queries. It is wise to schedule a meeting at least once a year to review your financial position and plan for the coming year. Your accountant can recommend a schedule that works best for you.
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