
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 should I look for when choosing an accountant for my freelance work in Wigston Leicester?
When selecting an accountant, verify their qualifications from recognised bodies such as ACCA, ICAEW, or AAT. Look for experience with freelancers and self-employed clients, and ensure they are familiar with HMRC requirements. Check their availability and communication style, and ask about their fees upfront. A good accountant will offer proactive advice on tax planning and help you stay compliant.
How can a freelance accountant help me with my Self Assessment tax return?
A freelance accountant will prepare and file your Self Assessment tax return accurately and on time. They will review your income and expenses, ensure you claim all allowable deductions, and calculate the tax you owe. They can also advise on payments on account and help you plan for future tax bills, reducing the risk of penalties from HMRC.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA and ICAEW are chartered accountancy bodies that require rigorous exams and practical experience, often specialising in complex tax and business matters. AAT qualifications focus on practical bookkeeping and accounting skills, ideal for day-to-day financial management. All are recognised and regulated, but the right choice depends on the complexity of your freelance business.
Do I need to register for VAT as a freelancer in Wigston Leicester?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £90,000. Even if you are below this, voluntary registration might be beneficial if you incur significant VAT on business expenses. An accountant can assess your situation, handle the registration process, and ensure you comply with HMRC's VAT rules.
Can an accountant help me if I operate my freelance business through a limited company?
Yes, an accountant experienced with freelancers can manage your Corporation Tax, prepare statutory accounts, and advise on salary and dividend payments. They will ensure you meet Companies House and HMRC filing deadlines, and help you optimise your tax position legally. This allows you to focus on your work while staying compliant.
What records should I keep for my accountant to prepare my tax return?
Keep records of all income, including invoices and bank statements, and all business expenses, such as receipts for equipment, travel, and office costs. Also retain records of any personal income, gift aid donations, and pension contributions. Organised records help your accountant prepare an accurate tax return and maximise your deductions.
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