Accountant

An accountant is an expert utilised by businesses and individuals for guidance and support with staying on top of their finances. This piece will focus on personal accounting. For further information on accounting for businesses, contact our experts today and enjoy a bespoke consultation based on the specifications of your company.

Why do I need an accountant as an individual?

For many individuals, an accountant is an extremely helpful consideration if and when you need to file a tax return. For more information on tax returns, visit our helpful piece here! Tax returns are necessary if you are self-employed as a sole trader or as a limited company, as well as for any other untaxed income that should be declared. If you Pay As You Earn (PAYE), your tax declarations and payments are handled by your employer and are paid automatically from your wages.

In the UK, you can choose to file your Self Assessment tax return yourself, but we do recommend seeking advice from an accountant and enlisting them to file it on your behalf to ensure accuracy. Our accountants with AAT (Association of Accounting Technicians) and/or ACCA qualifications can help you to claim expenses, calculate the tax you owe and even find ways to lower your tax bill with tax-free allowance claims. Contact our experts today to learn more about our personal accounting services.