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
AWS ACCOUNTANTS (LONDON) LLP
SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More
MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies
EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More
MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More
TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More
Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More
Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More
KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...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
YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...
Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More
Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...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
Frequently asked questions
What specific records do I need to keep for my Self Assessment tax return?
As a sole trader, you must keep records of all your sales and income, as well as any business expenses. This includes receipts, invoices, bank statements, and records of personal money taken from the business. You should also keep records of any money you have invested into the business. Maintaining these records accurately will make completing your Self Assessment tax return much simpler and ensure you can justify your figures to HMRC if required.
How can an ACCA or ICAEW qualified accountant help me save money on my taxes?
A qualified accountant from a recognised body like ACCA or ICAEW has the expertise to identify all allowable business expenses you may have overlooked. They will ensure your tax return is fully optimised, claiming every legitimate deduction for items such as home office costs, travel, and professional subscriptions. Their proactive advice on tax planning can also help you structure your finances more efficiently, potentially reducing your overall tax bill whilst keeping you fully compliant with HMRC rules.
When do I need to register for VAT as a sole trader?
You must register for VAT with HMRC if your total VAT taxable turnover for the previous 12 months exceeds the current registration threshold, which is £90,000. You may also choose to register voluntarily if your turnover is below this amount, which could be beneficial if you incur significant VAT on your business purchases. An accountant can advise you on whether voluntary registration is the right decision for your specific circumstances and manage the entire process for you.
What is the deadline for submitting my Self Assessment tax return and paying my tax bill?
The deadline for filing your paper tax return is 31 October following the end of the tax year, whilst the online filing deadline is 31 January the following year. The deadline for paying any tax you owe is also 31 January. If you make payments on account, the second payment is due by 31 July. Missing these deadlines will result in automatic penalties and interest from HMRC, so it is vital to stay organised.
Can an accountant help me if HMRC decides to investigate my tax return?
Yes, having a professional accountant is invaluable during an HMRC investigation. Your accountant will act as your agent, handling all communication with HMRC on your behalf. They will prepare the necessary evidence to support your tax return, explain the relevant regulations, and work to resolve the enquiry efficiently. This professional representation provides significant peace of mind and ensures your rights are protected throughout the process.
What is the difference between an accountant and a bookkeeper for my sole trader business?
A bookkeeper typically focuses on the day-to-day recording of financial transactions, such as logging sales and purchases, reconciling bank statements, and maintaining your ledgers. An accountant, particularly one qualified with AAT, ACCA, or ICAEW, provides a higher level of strategic advice. They will prepare your year-end accounts, complete your tax return, analyse your financial performance, and offer guidance on tax planning and business growth, ensuring your financial records translate into actionable insights.
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.