
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

Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.

J. Jervis Accounting Services LTD

THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm

MJF ACCOUNTANCY LIMITED

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Frequently asked questions
What does an accountant for sole traders do?
An accountant for sole traders handles your Self Assessment tax return, ensures you claim all allowable expenses, and advises on tax planning. They also help with VAT registration, bookkeeping, and financial forecasting. By managing your accounts, they save you time and help you avoid costly mistakes with HMRC, allowing you to focus on running your business.
Why should I use an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualified accountants have undergone rigorous training and adhere to strict professional standards. They are regulated and must keep their knowledge current, especially regarding HMRC rules. Using such a professional gives you confidence that your tax affairs are handled correctly, and you receive expert advice that is both accurate and reliable.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year, once for tax planning and once for your year-end accounts. However, many sole traders benefit from quarterly meetings to review cash flow and business performance. Regular communication ensures you stay on top of deadlines and can adapt to any changes in your business or tax legislation.
Can an accountant help me with an HMRC tax investigation?
Yes, an accountant can be invaluable during an HMRC investigation. They will handle all correspondence, prepare the necessary documentation, and represent you before HMRC. Their expertise reduces stress and helps ensure the investigation concludes favourably. Having professional representation is crucial, as HMRC investigations can be complex and time-consuming without proper guidance.
What records do I need to keep for my accountant?
You should keep records of all income and expenses, including receipts, invoices, bank statements, and any records of personal money taken from the business. Also, keep details of any equipment or assets you have purchased. Your accountant will need these to prepare accurate accounts and your Self Assessment return, so maintaining organised records throughout the year is essential.
How much does an accountant for a sole trader cost?
The cost varies depending on the complexity of your business and the level of service you require. Some accountants charge a fixed monthly fee, while others charge annually. It is best to request quotes from several firms and compare what is included. Many accountants offer packages specifically for sole traders, which can be cost-effective and provide good value for the services offered.
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