
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

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

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

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

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

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

Alpha Tax & Accounting
Alpha Tax & Accounting is an independent firm of Financial Accountants. We can help small businesses, established businesses, start-ups, partnerships,...See More

Reckonwell Finance
We are a distinguished Boutique Virtual Finance Office that champions excellence in financial solutions.

YOUR COMPANY FORMATIONS LTD
Setting up a new company can often be a daunting especially if you have never run a business before. Your Company Formations are a team of experienced...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

GOFORMA LIMITED
GoForma is a trusted team of accountants in UK, helping contractors, freelancers, sole&...

THEFORMATIONSCOMPANY.COM LIMITED
Forming your company is the first step. Together, we’ll make it an easy one. We’ve helped form more than 750,000 companies. Whether you’re taking a ho...See More

TIDE PLATFORM LTD
Tide is about doing what you love We believe the world would be a better place if more people gave it a shot. It’s why we’re building a modern busin...See More

Persona Finance
Persona Finance is a London accounting company with an office at 63/66 Hatton Garden in London. Due to the lock-down, we are happy to provide ou...See More

TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...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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ION Chartered Accountant
ION Chartered Accountants are a boutique accountancy and consulting practice that supports small and medium enterprises in a wide range of business se...See More

Clear House Accountants
Clear House Accountants are Performance-driven Business Accountants in London. We are Chartered Accountants focused on helping startups and small bus...See More

1ST FORMATIONS LIMITED
1st Formations is a leading online company formation agent in the UK. We offer a comprehensive selection of company registration packages and address ...See More
Frequently asked questions
What services do accountants for sole traders typically offer?
Accountants for sole traders usually offer a range of services including preparing and filing your Self Assessment tax return, bookkeeping, VAT registration and returns, tax planning, and advice on allowable expenses. They can also help with cash flow forecasting, payroll if you have employees, and assist with HMRC enquiries. Many also provide general business advice to help you grow and manage your finances effectively.
How can an accountant help me with my Self Assessment tax return?
An accountant can ensure your Self Assessment tax return is completed accurately and submitted on time to HMRC. They will review your income and expenses to identify all allowable deductions, reducing your tax bill legally. They can also advise on payments on account and help you plan for future tax liabilities. This reduces the risk of errors and penalties, giving you peace of mind.
What qualifications should I look for in a sole trader accountant?
Look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Membership in these bodies also means they are subject to ongoing professional development and are regulated, providing you with greater protection and confidence in their services.
Can an accountant help me if I am not VAT registered?
Yes, an accountant can still provide valuable assistance even if you are not VAT registered. They can help you with your Self Assessment, bookkeeping, and tax planning. Additionally, they can advise you on whether VAT registration would be beneficial for your business, considering your turnover and the nature of your trade. They will also prepare you for the administrative requirements if you decide to register.
How much does it cost to hire an accountant for a sole trader?
The cost of hiring an accountant for a sole trader varies depending on the complexity of your finances and the services you require. Many accountants offer fixed fees for basic services such as Self Assessment preparation, which can range from £150 to £400 per year. Additional services like bookkeeping or VAT will increase the cost. It is advisable to obtain quotes from several accountants to compare prices and services.
What should I look for when comparing accountants on AccountingFirms?
When comparing accountants on AccountingFirms, consider their qualifications, experience with sole traders, range of services, and client reviews. Check whether they are members of recognised bodies like ACCA or ICAEW. Also, look at their response time and willingness to provide a free initial consultation. Reading feedback from other sole traders can give you insight into their reliability and quality of service.
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