
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

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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

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

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...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
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...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

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

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More

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

Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Frequently asked questions
What should I look for when choosing an accountant as a sole trader?
When selecting an accountant, look for someone who is qualified and regulated by a recognised body such as ACCA, ICAEW, or AAT. It is also important to find a professional who has experience working with sole traders and who understands your specific industry. You should consider their communication style, fee structure, and whether they offer proactive advice. A good accountant will help you with tax planning, record keeping, and meeting HMRC deadlines, so choose someone you feel comfortable working with.
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 do not face penalties from HMRC. They will review your income and expenses to identify all allowable deductions, which can reduce your overall tax bill. They can also advise you on payments on account and help you plan for future tax liabilities. By using a professional, you save time and reduce the risk of errors, giving you peace of mind.
Do I need to register for VAT as a sole trader?
You must register for VAT if your taxable turnover exceeds the current threshold set by HMRC, which is £85,000. Even if your turnover is below this, you may choose to register voluntarily, especially if you want to reclaim VAT on business purchases. An accountant can advise you on whether voluntary registration is beneficial for your circumstances. They can also handle your VAT returns and ensure that you remain compliant with all regulations.
What are the benefits of using an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualified accountants have undergone rigorous training and are bound by strict ethical guidelines. They are required to keep their knowledge up to date with the latest tax laws and accounting standards. This means they can provide high-quality advice and ensure that your financial affairs are handled correctly. Using a qualified professional also gives you access to a wide range of expertise, from tax planning to business growth strategies, which can be invaluable for your business.
Can an accountant help me with HMRC investigations or tax disputes?
Yes, an accountant can provide invaluable support if HMRC investigates your tax affairs. They can communicate with HMRC on your behalf, gather the necessary documentation, and represent you throughout the process. This reduces the stress and burden on you, allowing you to focus on running your business. An experienced accountant will know how to respond to enquiries and can help you resolve disputes in a timely and efficient manner, protecting your interests.
How often should I meet with my accountant as a sole trader?
The frequency of meetings depends on the complexity of your business and your personal preferences. Some sole traders meet their accountant quarterly to review their finances and plan for tax payments, while others only meet annually to prepare their tax return. However, regular communication is beneficial, especially if you are making significant business decisions or experiencing changes in your income. Your accountant can provide ongoing advice and help you stay on top of your financial obligations throughout the year.
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