Find the Perfect Tax Accountant for Entrepreneurs
At AccountantFor, we understand the unique challenges entrepreneurs face when it comes to business finances, and we’re here to help. Our network of expert accountants specialises in supporting entrepreneurs like you, providing expert financial solutions that allow you to focus on what you do best: growing your business.
Whether you run a startup or work in crypto, AccountantFor can help you find the best accountant for your needs and requirements. If you need some guidance or have tax returns coming up, a good chartered accountant can help steer you in the right direction.
Why Do Entrepreneurs Need Specialised Accountants?
Entrepreneurs can face a number of financial challenges during the creation of their business. Here are some reasons why specialised accountants are essential for entrepreneurs:
- Maximising efficiency and minimising liabilities when filing taxes is crucial for entrepreneurs to preserve capital and fuel growth.
- Developing a robust financial strategy is essential for long-term success, including budgeting, forecasting and cash flow management.
- Staying compliant with tax laws, regulations and reporting requirements can be complex and time-consuming without expert guidance.
- Choosing the right business structure and scaling your operations require careful planning and financial expertise.
Do You Need to Complete a Self-Assessment Tax Return if You Work as an Entrepreneur?
Yes, entrepreneurs typically need to complete a self-assessment tax return to report their income and calculate the taxes they owe, including income tax and national insurance contributions, if applicable, unless their business structure has them taxed differently.
Filing a self-assessment tax return is essential for ensuring compliance with UK tax laws and avoiding penalties for late or incorrect submissions.
The Potential Penalties For Not Paying Your Tax Bill or Other Accounting Tasks
There are several penalties that can arise from not paying your tax bill as an entrepreneur, each one increasing in severity.
Late payment penalty: If you miss your tax return, the HMRC will immediately strike you with a late payment fine.
Interest charges: On top of late payment charges, you can also expect to receive bank interest charges on top of your unpaid fees.
Damage to credit score: As an entrepreneur operating as a sole trader, an unpaid tax bill can also have a negative impact on your credit score, which will make it harder to secure a personal or business loan in the future.
Collection actions: Keep avoiding your tax return; the HMRC may decide to take your tax avoidance into their own hands, serving you with a collation action, which could mean your assets get seized.
Criminal penalties: Finally, if you continue to not pay your tax return, your tax evasion may be deemed as criminal, which could incur hefty fines or time in jail.
Accounts & Tax Filing From Just £59.99 Per Month.
Complete the form below for a FREE Consultation.
How Can an Accountant Help Entrepreneurs?
Comprehensive Financial Services With AccountantFor
Our accountants offer a wide range of services to assist with the unique needs of entrepreneurs:
- Tax Planning and Compliance
- Bookkeeping and Accounting
- Business Advisory Services
- Financial Reporting and Analysis
Why Choose AccountantFor?
Expertise and Experience
We have a team of highly skilled accountants with years of experience working with entrepreneurs across various industries. Whether you’re a startup founder, small business owner or seasoned entrepreneur, our experts have the knowledge and expertise to support you at every stage of your journey.
Personalised Service
We understand that every entrepreneur’s needs are unique. That’s why we take the time to understand your business goals, challenges and aspirations, providing personalised solutions that align with your vision for success.
Transparent Pricing
We believe in transparent and competitive pricing, with no hidden fees or surprises. Our flexible pricing options, starting from just £59.99, ensure you receive high-quality service at a fair and affordable rate, allowing you to maximise your return on investment.
Get In Touch With AccountantFor For Help With Your Tax Returns
Take the first step towards simplifying your finances and unlocking your business’s full potential. Complete the form below to receive a free consultation and find the perfect accountant for entrepreneurs who can support your growth and success.
Our match-making accountancy services will match you with experienced accountants for entrepreneurs to ensure you talk to someone who understands your craft and the costs associated with it.
All you need to do is click here.
Get Matched With a Solo Entrepreneur and Small Business Accountant Now
What Do Entrepreneurs Say About AccountantFor’s Accountancy Services
In the world of entrepreneurship, agility and vision are paramount. But so is having a solid financial foundation. With so many ventures to juggle, I needed an accountant who could keep up and provide proactive insights. That’s where AccountantFor stepped in. They matched me with a financial expert who not only streamlined my multiple income streams but also offered strategies to maximize profitability. With AccountantFor, I’m not just dreaming big—I’m scaling big.
— Liam F., Serial Entrepreneur & Innovator.
Frequently Asked Questions About Tax And Accounting Processes
AccountantFor works with accountants from across the globe, pairing your with an accountant that understands entrepreneur business finances and corporate finance, to ensure you are 100% tax compliant, while also claiming for everything you can to lower your return.
Those running entrepreneurial businesses might think that they can complete their own tax or VAT return, and they would be right. However, without using accounting services, or having the right accounting systems in place, you run the risk of missing out on potential tax rebaits, or worse, you risk accidentally committing tax fraud by getting your tax return wrong.
Entrepreneurial accountants may assist entrepreneurs with managing their financial affairs, including calculating and advising on national insurance contributions, but the responsibility for making these contributions ultimately rests with the individual entrepreneur.
Accountants for entrepreneurs provide financial and tax services, including bookkeeping services, tax planning, financial analysis, and compliance support, to help entrepreneurs manage their finances and ensure regulatory adherence.
Entrepreneur Accountancy Services
AccountantFor provides a comprehensive range of accountancy and tax services for entrepreneurs through our exclusive network of vetted accountancy talent within the United Kingdom.
Accounting
– Statutory accounts
– Management accounts
– Financial planning
– Bookkeeping
– Business plan
– Growth modelling
Tax
– Tax investigation service
– Capital gains tax
– VAT
– Tax advice and consultancy
Other
– Company formation
– Registered office address
– Self-assessment
– Payroll services
– Corporation tax