
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

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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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

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More

MADE SIMPLE GROUP LIMITED
Founded in 2003, we've formed over 1 million companies and helped thousands of business owners start, run and grow their business. We help you form ...See More

GOFORMA LIMITED
GoForma is a trusted team of accountants in UK, helping contractors, freelancers, sole&...
Frequently asked questions
What specific services do accountants for freelancers typically offer?
Accountants for freelancers generally provide a comprehensive range of services including preparation and submission of annual Self Assessment tax returns, bookkeeping, VAT registration and returns, and tax planning advice. Many also offer payroll services if you have employees and can assist with setting up a limited company. They will help you track your income and expenses accurately, ensuring you claim all allowable business costs to minimise your tax bill whilst remaining fully compliant with HMRC requirements.
How can an ACCA qualified accountant help with my HMRC tax return?
An ACCA qualified accountant brings a high level of technical expertise to your tax return preparation. They will ensure your return is filed accurately and on time, reducing the risk of penalties from HMRC. They can also identify legitimate expenses you may have overlooked, potentially reducing your tax liability. Furthermore, they can provide professional representation if HMRC ever enquires into your return, handling all correspondence and defending your position with expert knowledge.
What is the difference between using an AAT accountant and an ICAEW chartered accountant?
AAT (Association of Accounting Technicians) accountants are highly skilled in day-to-day financial tasks such as bookkeeping, VAT, and preparing management accounts. ICAEW chartered accountants have completed a more advanced qualification, often specialising in complex tax planning, audit, and corporate finance. For a freelancer with straightforward affairs, an AAT professional is often sufficient, whilst those with complex income streams or a limited company may benefit from the broader strategic insight of an ICAEW member.
Why is it beneficial to hire a local accountant for my freelance business?
Hiring a local accountant offers the advantage of face-to-face meetings, which can be invaluable for building a trusting relationship and discussing complex financial matters in person. They will have a good understanding of the local economic environment and business networks, which can lead to useful introductions. Additionally, they are readily accessible for dropping off documents and quick consultations, providing a level of personal service that can sometimes be lost with remote-only providers.
How do I know if I need to register for VAT as a freelancer?
You must register for VAT with HMRC if your total taxable turnover for the previous 12 months exceeds the current VAT threshold, which is £90,000. You can also register voluntarily if your turnover is below this limit, which may be beneficial if you supply other VAT-registered businesses. An accountant can assess your specific circumstances and advise whether voluntary registration is advantageous for you, considering factors such as your client base and the nature of your expenses.
What records do I need to keep for my accountant to prepare my Self Assessment?
You need to keep records of all your income and expenses, including invoices issued, receipts for purchases, bank statements, and details of any business mileage. It is also wise to keep records of any personal contributions to pensions or charitable donations, as these can affect your tax bill. Your accountant will require a clear summary of your income and expenditure, which can be provided in a spreadsheet or through accounting software, to accurately complete your Self Assessment tax return.
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