ACCOUNTANTS FOR SELF-EMPLOYED & FREELANCERS

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Are you seeking a dedicated accountant for your self-employed business? Our business package provides a comprehensive monthly accounting service designed for self-employed professionals, freelancers (also known as sole traders), and high net-worth individuals. This package includes bookkeeping, annual accounts preparation, and the filing of your Self Assessment tax return.

ACCOUNTANTS FOR SELF-EMPLOYED & FREELANCERS

The following accounting services are included in the business package:

• Dedicated Accountant for Business: Each of our monthly accounting packages includes a dedicated accountant to ensure that we deliver exceptional service to our clients.

• Xero IGNITE for Business: Keeping your business records on Xero Ignite, which is Xero's recommended plan for businesses starting out. It covers the essentials, including bank feeds, invoicing (up to 20 invoices and 10 bills), analytics and more.

• Register for Self Assessment/Set up as sole trader: Registering you as a sole trader with HMRC. You will pay tax through Self Assessment and you will need to file a tax return every year. Being in business on your own and registering as a sole trader (sole proprietor) is the most common way to start a business in the UK. If you are a sole trader (self-employed), you run your own business as an individual and you can keep all your profits after you have paid tax on them. In the meantime, you are personally responsible for any losses your business makes.

• Bookkeeping (30 minutes) for Business: Taking care of your bookkeeping (up to 30 minutes per month). Maintaining proper records enables you to manage your business and provides an audit trail for tax purposes. By law, you are required to keep records of all business income and expenditure for at least 5 years from the 31 January submission deadline of the relevant tax year. 

• Annual Accounts for Business: Producing your annual accounts (year-end accounts, financial statements), i.e. Profit & Loss and Balance Sheet (if required).

• Self Assessment tax return for Business: Preparing and submitting your Self Assessment tax return (online).

Not quite what you are looking for? We can tailor our packages to suit your needs. We are a London-based accountancy firm, helping business owners save time and money while complying with rules and regulations. Join Xcountant® now!