FAQ’s

Freed Accountancy is a modern accountancy firm based in Kent, helping sole traders, limited companies and landlords across the UK. We provide a range of accounting and tax services, including bookkeeping, year-end accounts, Self Assessment tax returns, Corporation Tax, VAT, payroll and Making Tax Digital (MTD). We combine modern accounting technology with a personal approach, giving you a dedicated accountant who gets to know you and your business.

No. While Freed Accountancy is based in Ramsgate, we work with clients across Kent, London and as far north as Yorkshire. Wherever you’re based in the UK, staying in touch is easy. You can contact us by phone, email, WhatsApp or arrange an online Microsoft Teams meeting. Best of all, you’ll have a dedicated accountant who gets to know you and your business, wherever you are in the UK.

Yes. We offer fixed-fee accounting, so you’ll know exactly what your accountancy services will cost before we start. We’ll discuss your business and the support you need before providing a clear quote. Ongoing services can be paid by fixed monthly payments, helping you spread the cost and budget with confidence.

Yes. We offer a free initial consultation with no obligation to become a client. It’s an opportunity to tell us about you and your business, discuss the accounting or tax support you need and ask any questions you may have. We’ll explain how Freed Accountancy can help and provide a clear quote for the services you need. Your free consultation can be held by phone or online through Microsoft Teams, wherever you’re based in the UK.

No, there is no legal requirement for a sole trader to have an accountant, but having one can save you time, reduce the risk of mistakes and help you understand your finances and tax obligations. Freed Accountancy supports sole traders and self-employed businesses with bookkeeping, Self Assessment tax returns, tax planning and Making Tax Digital (MTD). We use the latest accounting technology to help you stay compliant with HMRC, keep on top of your finances and make managing your accounts as simple and stress-free as possible.

As a sole trader, you can usually claim allowable business expenses for costs incurred wholly and exclusively for your business. These may include travel, insurance, software, advertising, professional fees, office costs and certain working-from-home expenses. What you can claim will depend on your business and individual circumstances. Freed Accountancy can help identify allowable expenses, make sure they’re recorded correctly and ensure you don’t pay more tax than you need to.

You may need to complete a Self Assessment tax return for several reasons, including being self-employed, receiving rental income, or having other income that hasn’t already been taxed. If you’re unsure whether you need to file a tax return, we can check for you. Freed Accountancy can prepare and submit your Self Assessment to HMRC, make sure everything is reported correctly and let you know how much tax you need to pay and when.

Changing accountants is usually much easier than you might think. Once you’ve decided to move to Freed Accountancy, we’ll take care of the handover for you. We’ll contact your previous accountant, request the information we need and manage the professional clearance process, so there’s no awkward conversation or complicated paperwork for you to deal with.

Joining Freed Accountancy is simple, secure and completely digital. You’ll get access to your own secure client portal to complete your onboarding, sign documents and securely share information with us. We’ll guide you through the process, including digital ID verification, and once you’re set up, you’ll have a dedicated accountant and ongoing support whenever you need us.

Absolutely. We’ve seen it before, and we’re happy to listen and understand why your accounts or tax returns have fallen behind. We’ll help you get everything back on track and, where appropriate, can appeal HMRC penalties on your behalf. We have a strong track record of successful penalty appeals and will always look at the options available to you.

You don’t legally have to use an accountant for your limited company, but running a company comes with additional accounting, tax and Companies House responsibilities. Freed Accountancy can take care of your annual accounts, Corporation Tax return and other ongoing accounting requirements, while helping you understand your numbers and stay on top of important deadlines.

Limited companies need to keep accurate records of their income, expenses, invoices, bank transactions and other financial activity. With Freed Accountancy, keeping on top of your records doesn’t need to be complicated. We use modern cloud accounting software and digital tools to make bookkeeping easier, keep your records organised and help ensure your company stays compliant.

Every Freed Accountancy client gets access to their own secure online client portal, giving you one convenient place to manage your accountancy documents. You can securely upload documents, complete forms, electronically sign accounts and tax returns, and access important documents we’ve shared with you. You can access your portal anytime from your computer, tablet or mobile. https://freedaccountancy.portal.engager.app/

Our Bank Fetch service makes sending us your bank statements quick and hassle-free. We’ll send you a secure link to connect your bank account, and with your permission, we can retrieve the bank transaction information we need to prepare your accounts or tax return. There’s no need to download statements or send them to us manually. It’s secure, simple to set up and puts you in control of the access you provide.

No more bags of receipts or piles of paperwork! We use modern accounting technology to make sending your bookkeeping records as quick and easy as possible. Depending on the services you use, you can upload receipts and invoices digitally, share documents securely through your client portal and connect your accounting software. We’ll show you the easiest way to send everything we need, saving you time and keeping your financial records organised.

Yes. When you join Freed Accountancy, you’ll have a dedicated accountant who gets to know you, your business and your goals. You won’t be passed around a large team or left waiting weeks for a response. We’re available by phone, email and WhatsApp, giving you direct access to your accountant when you need help or advice. We believe great accountancy is about building relationships, not just filing your accounts and tax returns.

Making Tax Digital (MTD) for Income Tax is changing how sole traders and landlords report their income and expenses to HMRC. Those affected will need to keep digital records and submit information to HMRC throughout the tax year using compatible software. Freed Accountancy is MTD ready. We use modern digital accounting software to manage your MTD reporting and help you stay compliant with HMRC, making the transition to Making Tax Digital as simple and stress-free as possible.

Making Tax Digital for Income Tax may apply if you’re a sole trader or landlord with qualifying income above the HMRC threshold. MTD is being introduced in stages, so when you need to join will depend on your qualifying income. If you’re unsure whether MTD applies to you, Freed Accountancy can check your position, explain when you’ll need to join and help you get MTD ready.

Yes. Freed Accountancy can manage your Making Tax Digital requirements for you, from getting you set up with compatible accounting software to preparing and submitting your quarterly updates to HMRC. We’ll keep you informed of what we need and when, while taking care of the reporting deadlines, whilst giving you peace of mind that your MTD obligations are being managed correctly.

Yes. Once we’re authorised as your accountant, Freed Accountancy can deal with HMRC on your behalf for many of your tax and accounting matters. Whether it’s dealing with a query, checking your tax position or helping resolve an issue, we’ll communicate with HMRC where we’re able to, whilst saving you time, stress and lengthy phone calls.

Yes. We provide modern bookkeeping services for sole traders and limited companies, helping you keep your financial records accurate and up to date. Using cloud accounting software and digital technology, we can reduce the time you spend managing paperwork and give you a clearer picture of how your business is performing.

Absolutely. Starting a new business is exciting, but there’s a lot to think about. Freed Accountancy can help you get things right from the start, from choosing the right business structure and registering with HMRC to setting up accounting software and understanding your tax responsibilities. We’ll take care of the accounting side, so you can focus on building your new business.

Yes. Freed Accountancy provides payroll services for small businesses and limited companies, taking the hassle out of paying yourself and your employees. We can manage your regular payroll calculations, payslips and HMRC submissions, helping you meet your PAYE responsibilities and payroll deadlines accurately and on time.

Yes. Good tax planning isn’t just about completing a tax return at the end of the year. Freed Accountancy can help you plan ahead, understand your tax position and make use of the allowances and reliefs available to you. We’ll explain your options in plain English and help you make informed decisions while ensuring you stay compliant with HMRC.

We believe in regular communication. You’ll receive updates on your financial status, and we’re always available for any questions or advice you may need.

We’re committed to providing support when you need it. Feel free to drop us an email, and we’ll get back to you as soon as possible.

Yes. You can book an online appointment at your convenience using our website calendar for video or phone consultations.

You can upload your files through our secure client portal, Client Engager, which protects your financial information.