Do I need a self employment accountant, or can I do it myself?

While it is not mandatory to hire an accountant for self employed, keeping an accurate record of all your income and expenses and preparation of the Self-assessment tax returns is time-consuming and laborious. So, it will be best if you think about hiring an accountant.

Being self-employed, do I need to do VAT registration?

Yes, you have to do VAT registration if you have reached a certain earning threshold or are meeting some conditions, such as you or your business is based out of the UK; or you supply your goods/services to the UK.

What expenses can I claim as self-employed?

Some of the expenses you can claim as self-employed are office costs, uniform costs, advertising costs, insurance charges, cost of raw materials, etc.

What are the allowable expenses if I am working from home?

These allowable expenses are called simplified expenses. These can vary as per the hours you work from your home. You should be working at least 25 hours/per month to claim these expenses.

Expert Accountant for Self-Employed Professionals Across the UK

According to HMRC,if you had started working for yourself, you would be classified as a sole trader who sell some goods or services, and this implies that you are a self-employed individual. It does not matter whether till now you have informed HMRC or not as you are certainly obliged to pay taxes. In short, you are your own boss who needs professional help to meet all tax obligations and who can be better than an accountant for self-employed individuals.

Interestingly in the UK, you can be an employee from Monday to Friday and a self-employed individual during the weekends to make some extra money, but isn’t this arrangement extremely hectic? Our accounting services for self-employed help you to submit your tax returns before the deadlines, minimize your tax liabilities, and much more!

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Partner with CoreAdviz — Your Dedicated Self-employment Accounting Specialists

As a specialist self employment accountant, CoreAdviz helps sole traders, freelancers and independent professionals across the UK manage their finances with confidence. From self-assessment tax returns to VAT registration, our dedicated team ensures you pay the right amount of tax and nothing more. Whether you are just starting out or already trading, our self employment accounting service is tailored to your needs.

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What Your Self Employment Accountant Does for You

Hiring a professional accountant for self employed creates an avenue to channelize book keeping actions into a transparent and seamless system. Some of the most rewarding opportunities are:

Setting up a separate business account
Preparing a Self-Assessment Tax return
Assistance in VAT registration
Registration as self-employed
Preparation of VAT returns
Minimizing tax liabilities
Bookkeeping

We also Help......

Sole Trader

Individual or self employed, we help to keep top of your finance, providing advice and assistance with the essentials of running your business, including taxes, invoices, and all the bits in between.

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Freelancer

A tailored service for freelancers, providing online access to bookkeeping and accountants anytime. Use mobile app to record your expenses and send invoices to your clients.

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Professionals

Whether you are Doctor, Lecturer or IT Consultants; we help to keep top of your finance, providing accounting advice and assistance with the essentials of running your business and tax .

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How Our Self Employment Accountants Guide You Through Compliance

As your dedicated self employment accountant, we guide you from day one to ensure that all your compliance are met on time. The list includes the following:

Personalised Tax Support

Our experienced advisors take the time to understand your income, how you work, and your financial goals. We do not offer the same advice to everyone. Instead, we provide personalised guidance to help keep your taxes as low as possible, year after year.

Streamlined Bookkeeping

Keep your finances under control without the extra work. We set up and manage cloud-based bookkeeping using the best software available. You can track your income and expenses in real time, send professional invoices, and automatically sync your bank account. Everything is accessible from your phone or laptop.

Comprehensive Tax Filing

We take care of all your taxes, including Income Tax, National Insurance Contributions, and VAT if needed. We register you with HMRC and file your yearly self-assessment return, so you always stay compliant and avoid any surprises.

Year-Round Tax Planning and Optimisation

Tax efficiency doesn't happen once a year at filing time. CoreAdviz reviews your finances throughout the year to identify savings opportunities, plan around payments on account, and help you make informed decisions about investments, pension contributions, and allowable expenses.

Ready to Optimize Your Business Finances?

Get in touch with our team today to discuss how CoreAdviz can help your business thrive financially.

Expert Accountant for Self-Employed Professionals Across the UK

Get Started

Partner with CoreAdviz — Your Dedicated Self-employment Accounting Specialists

Services
What Your Self Employment Accountant Does for You

Hiring a professional accountant for self employed creates an avenue to channelize book keeping actions into a transparent and seamless system. Some of the most rewarding opportunities are:

Setting up a separate business account
Preparing a Self-Assessment Tax return
Assistance in VAT registration
Registration as self-employed
Preparation of VAT returns
Minimizing tax liabilities
Bookkeeping

Streamlined Bookkeeping

Expert Accountant for Self-Employed Professionals Across the UK