
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

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...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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Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...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...

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

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
Frequently asked questions
What services do accountants for sole traders typically provide?
Accountants for sole traders offer a range of services including preparing and filing your Self Assessment tax return, managing your VAT returns, bookkeeping, and providing general business advice. They can also help you with tax planning, ensuring you claim all allowable expenses, and they can assist with HMRC enquiries if they arise. Many also offer payroll services if you employ staff, and they can help you understand your obligations under Making Tax Digital.
How can an accountant help me save money on my taxes?
An experienced accountant can save you money by identifying all legitimate business expenses you can claim, ensuring you are not overpaying tax. They will also advise on the best timing for purchases and investments, and help you structure your business in the most tax-efficient way. By keeping accurate records and planning ahead, they can help you avoid late filing penalties and interest charges, which also saves you money in the long run.
What is the difference between an ACCA and an AAT qualified accountant?
ACCA (Association of Chartered Certified Accountants) is a global professional body, and its members are qualified chartered certified accountants, often working in practice or industry. AAT (Association of Accounting Technicians) is a lower-level qualification that focuses on practical accounting skills like bookkeeping and preparing accounts. Both are respected, but ACCA accountants typically have a broader strategic and advisory role, whilst AAT members often handle day-to-day accounting tasks.
Do I need to be VAT-registered as a sole trader?
You must register for VAT if your taxable turnover exceeds the current threshold, which is £90,000. However, you can also choose to register voluntarily, which might be beneficial if you want to reclaim VAT on your business purchases. An accountant can help you decide whether voluntary registration is right for you, and they will manage your VAT returns and ensure you comply with HMRC rules.
How often should I meet with my accountant?
The frequency of meetings depends on your business needs. Many sole traders meet with their accountant quarterly to review their financial position and plan for tax payments. Others may only meet once a year to prepare their tax return. However, regular communication is recommended to ensure you are on track with your tax obligations and to take advantage of any tax-saving opportunities that may arise throughout the year.
What records do I need to keep for my sole trader tax return?
You need to keep records of all your income and expenses, including receipts, invoices, bank statements, and any records of personal income that might affect your tax. You should also keep records of any assets you buy or sell for your business. These records must be kept for at least five years after the 31 January submission deadline. An accountant can help you set up a simple system to keep everything organised.
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