Accountants for Freelancers
Self-employed accounting for freelancers and sole traders across the UK
Specialist Accounting for UK Freelancers
Freelancing gives you freedom — but it also means dealing with self-assessment, expenses, VAT, and tax planning on your own. Magnum Accountancy takes all of that off your plate, so you can focus on the work you actually enjoy.
Services for Freelancers
Self Assessment Tax Returns
As a freelancer, filing your self assessment accurately and on time is non-negotiable. We handle your return from start to finish — income, expenses, payments on account, and any tax owed — and make sure you never pay more than necessary.
Sole Trader vs Limited Company
Not sure which structure suits you best? We run the numbers on your specific income level and circumstances — tax efficiency, IR35 exposure, admin burden, credibility — and give you a clear recommendation, not a generic answer.
IR35 & Employment Status
Working through contracts or agencies? IR35 can catch out freelancers who get their status wrong. We review your contracts and working practices, give a clear status opinion, and help you build the evidence to defend your position if HMRC comes knocking.
Allowable Expenses & Claims
Home office, equipment, software, travel, training, phone — most freelancers under-claim because they are unsure what qualifies. We make sure every legitimate expense is captured and correctly claimed, reducing your tax bill without any risk.
VAT Registration & Returns
Approaching the VAT threshold? We advise on whether and when to register, which VAT scheme suits your business (including the Flat Rate Scheme), and handle all your quarterly returns. No VAT surprises, no missed deadlines.
Pension & Long-Term Planning
Freelancers have no employer pension contributions — which makes proactive planning even more important. We help you set up a pension, use it tax-efficiently, and think ahead so your freelance income builds lasting financial security.
Why Freelancers Choose Magnum
✓ Specialists in self-employed and freelance tax
✓ Face-to-face or remote
✓ UK-wide
✓ Fixed fees — no hourly surprises
✓ Proactive advice, not just compliance
✓ Plain English, no jargon
Ready to Sort Your Freelance Finances?
Book a free 30-minute call with our team — no obligation, no jargon.
Daxa Khunti — Managing Director, Magnum Accountancy
📞 01223 297374 | ✉️ daxa@magnumaccountancy.com