
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

TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...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

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

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

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

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

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

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

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

Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...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

" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More

City Tax London
City Tax London provides unparalleled personalized accounting services and th...

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...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 as a sole trader?
When selecting an accountant, look for recognised qualifications such as ACCA, ICAEW, or AAT, as these demonstrate professional competence and adherence to ethical standards. Experience with sole traders is also important, as they will understand your specific tax obligations. Check that they offer services relevant to your needs, such as Self Assessment preparation, VAT registration, and bookkeeping. Finally, consider their communication style and availability, as you will want someone who is approachable and responsive to your queries throughout the year.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring that you claim all allowable expenses and reliefs to which you are entitled. They will review your income and records, calculate your tax liability, and advise on any payments on account. They can also help you plan for your tax bill by setting aside funds and making estimated payments. If HMRC enquires into your return, your accountant can represent you and handle all correspondence, reducing stress and saving you time.
What is the difference between a sole trader and a limited company for tax purposes?
As a sole trader, you are personally responsible for 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 profits and then may take dividends or a salary. Limited companies often offer more tax planning opportunities, but they come with additional administrative duties and filing requirements. 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 sole trader?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £85,000 in the 2024/25 tax year. Even if your turnover is below this amount, you may choose to register voluntarily, which can be beneficial if you incur VAT on your business purchases. An accountant can advise you on whether voluntary registration is right for you, help you complete the registration process, and ensure that you comply with all VAT rules, including submitting returns and paying any VAT due.
How often should I meet with my accountant?
The frequency of meetings depends on the complexity of your business and your personal preferences. Many sole traders meet with their accountant at least once a year to review their annual accounts and tax return, but more regular contact can be beneficial. Quarterly or even monthly meetings can help you stay on top of cash flow, plan for tax payments, and make informed business decisions. Your accountant should be available throughout the year for ad hoc queries, so you can contact them whenever you need advice.
What records do I need to keep as a sole trader?
As a sole trader, you must keep records of all your income and expenses, including sales, purchases, and any money taken from the business for personal use. You should also retain receipts, invoices, and bank statements, as well as records of any grants or other income. HMRC requires you to keep these records for at least five years after the 31 January submission deadline. Your accountant can help you set up a simple bookkeeping system and advise on the best way to organise your records, whether that is using software or a spreadsheet.
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.

