Freelance Accountant London | Self-Employed Tax Returns £300 | LOYALS King's Cross

⭐ 4.8/5 Google Rating

🏆 ICAEW Chartered

👥 500+ Clients

💰 From £300/year

💼 Specialist Freelancer Accountants

Accounting for Freelancers in London Simple, Flexible, and Reliable

Expert ICAEW chartered accountants who understand the challenges freelancers, sole traders, and self-employed individuals face. Self Assessment tax returns, expense optimization, HMRC registration, and compliance support from just £300 per year. Serving all London boroughs with extended support hours including weekends.

📅 Book Free Consultation 📞 Call Now: 07450 258975 📅 Book Free Consultation

⭐⭐⭐⭐⭐ 4.8/5 from 500+ reviews | King's Cross based | Serving all London freelancers remotely

Common Challenges for London Freelancers

We've helped 500+ freelancers across London solve these exact problems

😰

HMRC Confusion

Not sure if you need to register as self-employed? Confused about Self Assessment deadlines? Worried about penalties for late filing? We handle all HMRC requirements so you stay compliant without stress.

💸

Missing Deductions

Unsure what expenses you can claim? Worried you're overpaying tax? Most freelancers miss thousands in legitimate deductions. We ensure you claim every allowable expense legally.

⏰

Time Drain

Spending 10+ hours monthly on invoicing, bookkeeping, and tax calculations? That's time you could spend earning. We handle all financial admin so you can focus on your work.

📊

Tax Uncertainty

Don't know how much tax you'll owe? Shocked by unexpected bills? We provide accurate tax estimates throughout the year and help you set aside the right amount monthly.

🤔

Structure Questions

Should you stay sole trader or become a limited company? When does it make sense to switch? We provide free structure advice based on your income and goals.

💰

Cash Flow Issues

Clients paying late? Struggling to chase invoices professionally? Need help with persistent debt recovery? Our premium packages include professional invoice management and payment chasing.

Freelancer Accounting Package

Perfect for solo freelancers and side hustlers who need simple, affordable compliance

🎯 BEST FOR FREELANCERS

Annual Accounting for Freelancers

£300

per year

Hassle-free Self Assessment and tax compliance for freelancers earning up to £50K annually. ICAEW chartered accountant expertise without the premium price tag.

✅ WHAT'S INCLUDED IN YOUR £300 ANNUAL PACKAGE ▼

Complete Self Assessment tax return preparation and filing
HMRC Self-Employment registration support
Personal Tax Allowance optimization
Income tax and National Insurance calculations
Expense deduction guidance and optimization
CIS tax returns (if you're a construction contractor)
Basic VAT advice and registration support
HMRC correspondence handling
Penalty avoidance guarantee
Tax deadline reminders and management
Free initial consultation and structure advice
Email and phone support throughout the year

Perfect For:

Freelance designers, writers, consultants, photographers, marketers, developers, tutors, and anyone self-employed in London earning under £50K annually who needs simple tax compliance without complications.

Get Started for £300/Year →

How We Help Freelancers in London

Hover over each card to see exactly what we do · All expertise at no extra cost

📋

Self Assessment

Complete tax return preparation and filing

What's Included:

Income calculations
Expense deductions
Tax liability estimates
Online filing to HMRC
Penalty avoidance

💰

Expense Optimization

Maximize your legitimate tax deductions

What's Included:

Home office deductions
Equipment & software
Travel & mileage
Professional fees
Marketing costs

📝

HMRC Registration

Proper setup and compliance guidance

What's Included:

Self-employment registration
UTR number assistance
NICs setup
Tax year planning
Compliance deadlines

🏗️

CIS Specialist

Expert support for construction freelancers

What's Included:

CIS tax returns
Deduction claims
Gross payment status
Reverse charge VAT
Subcontractor advice

🎯

Structure Advice

Sole trader vs limited company guidance

What's Included:

Free consultation
Income analysis
Tax efficiency review
Growth planning
Switching support

📞

Extended Support

Available 7 days including weekends

What's Included:

Mon-Fri 9am-6pm
Sat-Sun 10am-5pm
Phone & email
Quick responses
Friendly team

Growing Beyond Freelancing?

If your income is growing beyond £50K or you're building a more established business, our monthly accounting packages offer complete support including invoice management, debt recovery, business mentoring, and growth services.

Premium Accounting (£150/month): Everything in Annual Package PLUS professional invoice issuing, payment tracking, and persistent debt recovery
Business Mentor (£250/month): All Premium features PLUS dedicated business mentor, strategy sessions, and growth planning
Business Growth Programme (£2000/month): Complete business team including marketing, legal, office support, and sales coaching

Explore Monthly Packages →

🔗 Useful Government Resources for UK Freelancers

As your trusted accounting partner, we work directly with these official government bodies to ensure your compliance. Here are essential resources every London freelancer should know about:

Important: LOYALS works directly with HMRC on your behalf. We handle all registrations, filings, and correspondence so you don't need to navigate these systems alone. Consider us your expert guide through UK tax compliance.

Freelancer Tax Questions Answered

Common questions from London freelancers, sole traders, and self-employed individuals

Do I need to register as self-employed with HMRC? +

Yes, if you're freelancing or self-employed in the UK and earn over £1,000 per year from self-employment, you must register with HMRC for Self Assessment. Registration should be done by 5 October after the end of your first tax year of trading. For example, if you started freelancing in July 2024 (within the 2024/25 tax year ending 5 April 2025), you must register by 5 October 2025. LOYALS can handle your HMRC registration and ensure you meet all compliance requirements from day one.

How much can I earn as a freelancer before paying tax in London? +

The Personal Allowance for 2024/25 is £12,570. You can earn up to this amount before paying income tax. However, you must still register for Self Assessment if your self-employed income exceeds £1,000 annually. National Insurance contributions have different thresholds: Class 2 NICs start at £6,725 profit per year (£3.45/week), and Class 4 NICs start at £12,570 profit (9% on profits between £12,570-£50,270). LOYALS helps you understand exactly what you'll owe and how to optimize your tax position legally. Learn more about current income tax rates.

What expenses can I claim as a self-employed freelancer? +

You can claim expenses that are "wholly and exclusively" for your business. Common allowable expenses include: office costs (rent, utilities if you have dedicated workspace), equipment and supplies (laptops, phones, software, stationery), travel for work (not commuting), professional fees (accountant, insurance, subscriptions), marketing and advertising, business use of home (portion of rent/mortgage, utilities, council tax), vehicle expenses if used for business, training courses related to your work, and bank charges for business accounts. You cannot claim personal expenses, commuting to a regular workplace, entertaining clients (meals/drinks), or clothes (unless uniforms/costumes for your work). LOYALS ensures you claim every legitimate expense while staying compliant with HMRC rules. See GOV.UK's full guide to allowable expenses.

How much does a freelance accountant cost in London? +

LOYALS offers specialist freelancer accounting from £300 per year, which covers your complete Self Assessment tax return, expense optimization, HMRC compliance, and year-round email/phone support. This is for straightforward freelance income up to £50K annually. For growing freelancers who need monthly bookkeeping, invoice management, and business mentoring, our Premium Accounting starts at £150/month with full ICAEW chartered services. Many London accountants charge £400-£800 just for a basic tax return, so our £300 annual package offers exceptional value with professional expertise. We also provide free initial consultations to assess your needs.

Do I pay tax on side hustle income in London? +

Yes, if your side hustle earns over £1,000 per year, you must declare it to HMRC and may owe income tax and National Insurance. You'll need to register for Self Assessment and file an annual tax return even if you also have a full-time job with PAYE. Many Londoners are unaware of this "trading allowance" threshold and risk penalties for not declaring side income from things like Etsy shops, freelance gigs, tutoring, or Airbnb hosting. LOYALS can register you properly with HMRC, calculate what you owe (after allowable expenses), and ensure you're fully compliant. Don't wait until HMRC contacts you – getting proper advice early saves stress and penalties later.

When do I need to file my Self Assessment tax return? +

The deadline for online Self Assessment is 31 January following the end of the tax year (which runs 6 April to 5 April). For example, for the 2024/25 tax year (ending 5 April 2025), your return and any tax due must be filed and paid by 31 January 2026. Late filing results in automatic £100 penalty, with additional penalties if you're more than 3 months late. If you owe tax, you must also make a "payment on account" (advance payment for next year) by 31 January and 31 July. LOYALS handles all deadlines for you, sends reminders well in advance, and files everything on time so you never face HMRC penalties. We guarantee penalty-free compliance.

Should I operate as a sole trader or limited company as a freelancer? +

It depends on your income, circumstances, and goals. Sole trader is simpler and more suitable for lower earnings (typically under £50K): easier to set up, lower admin, lower accounting costs, and you pay income tax and NICs on profits. Limited company can be more tax-efficient above £50-60K annually (paying corporation tax at 19-25% plus dividend tax), but involves more complexity: annual accounts to Companies House, corporation tax returns, payroll for director's salary, and higher accounting fees. Other considerations include liability protection (limited companies separate personal and business assets) and credibility with larger clients. LOYALS provides free structure advice during your initial consultation. We'll review your income projections, expenses, and goals to determine what's best for you. We can also help you switch from sole trader to limited company when the time is right.

Can you help with CIS tax returns for freelance contractors? +

Absolutely. Over 80% of our clients are construction contractors, subcontractors, and tradespeople, so we're genuine CIS specialists who understand the construction industry inside out. We handle everything: monthly CIS returns to HMRC, subcontractor verification, managing CIS deductions (typically 20% or 30% withheld by contractors), claiming back overpaid CIS tax, applying for gross payment status if eligible, reverse charge VAT for construction services, and optimizing your overall tax position. Whether you're a freelance plumber, electrician, builder, plasterer, carpenter, decorator, or any other trade in London, LOYALS has the expertise to maximize your returns and minimize your admin burden. CIS compliance is included in our £300 annual package for straightforward returns.

What areas of London do you serve for freelancer accounting? +

We serve freelancers across all London boroughs including Westminster, Camden, Islington, Hackney, Tower Hamlets, City of London, Southwark, Lambeth, Wandsworth, Hammersmith, Kensington, Greenwich, Lewisham, Newham, and surrounding areas including Hertfordshire, Essex, Surrey, and Kent. Everything is done remotely via secure cloud accounting software, email, phone calls, and video meetings. You never need to visit our King's Cross office unless you prefer face-to-face meetings (which we're happy to arrange). This means you get expert ICAEW chartered accountant services no matter where you are in London, with zero commute time and maximum convenience.

How do I switch to LOYALS from my current accountant? +

Switching accountants is easy and takes just 7-10 days. We handle 100% of the process for you: we contact your old accountant professionally to request your records, collect all historical financial data and tax information, update HMRC with our details as your new representative, review your past returns to identify any missed deductions or errors, and ensure zero disruption to your compliance obligations. Many freelancers who switch to LOYALS discover they've been overpaying tax because their previous accountant missed legitimate expense claims. There are no tax penalties for switching accountants at any time during the year. Simply book a free consultation call with us, and we'll explain exactly how the transition works. Most clients are surprised how simple and stress-free we make it.

What London Freelancers Say About LOYALS

Real reviews from freelancers across London · 4.8★ rated on Google

⭐⭐⭐⭐⭐

"As a freelance graphic designer, I was terrified of Self Assessment. LOYALS made it so simple. They found £2,800 in expenses I didn't know I could claim, handled everything with HMRC, and filed on time. Best £300 I've ever spent."

Emma Richardson

Freelance Designer · Camden

⭐⭐⭐⭐⭐

"I started a side hustle while working full-time and had no idea I needed to register with HMRC. LOYALS sorted everything, explained it in plain English, and saved me from potential penalties. Their support hours including weekends are a lifesaver."

David Martinez

Marketing Consultant · Shoreditch

⭐⭐⭐⭐⭐

"Switched to LOYALS from my previous accountant who was charging me £600 for my tax return and still missing deductions. LOYALS charges £300, found £4,200 in missed expenses from previous years, and actually explains things. Couldn't be happier."

Priya Sharma

Freelance Writer · Westminster

⭐⭐⭐⭐⭐

"Brilliant accountants for self-employed contractors. I'm an electrician and they handle all my CIS returns, chase my tax refunds, and save me hours every month. When I decided to grow the business, upgrading to their monthly package was seamless."

James O'Connor

Self-Employed Electrician · Islington

⭐⭐⭐⭐⭐

"I was spending 15 hours a month on invoicing and bookkeeping as my freelance business grew. LOYALS' Premium package at £150/month handles everything including chasing late payments. I've recovered £8,000 in old invoices. Total game changer."

Sophie Taylor

Freelance Photographer · Hackney

⭐ Read All 500+ Five-Star Reviews on Google →

Ready to Simplify Your Freelancer Taxes?

Join 500+ London freelancers who chose expert ICAEW chartered accountants for stress-free tax compliance

✅ Free 30-minute consultation
✅ Transparent £300/year pricing
✅ HMRC registration support
✅ Self Assessment guarantee
✅ Extended support hours (7 days/week)
✅ No obligation, zero pressure

📅 Book Your Free Consultation

Or call 07450 258975
Mon-Fri 9am-6pm · Sat-Sun 10am-5pm