Most freelancers don't have one income stream. They have a main client, a couple of smaller ones, maybe a bit of PAYE work too. Each of these needs to be reported correctly, and mixed correctly, on your tax return.

Self Assessment Tax Returns for Freelancers and Sole Traders

We prepare and file self assessment tax returns every year, working out your income tax and National Insurance contributions accurately, and making sure nothing gets missed. A late or incorrect tax return is one of the most common ways freelancers end up paying more tax than they should. Missing a deadline or an allowable expense costs you real money, and we exist to stop that happening.

Late self assessment tax returns are one of the most common, and expensive, mistakes we see. We check every tax return line by line before it's submitted, rather than rushing it through in January.

Freelancers Juggling PAYE Employment and Freelance or Side Hustle Income

If you're employed and freelance at the same time, your tax position gets more complicated fast. We work out your combined income tax self assessment position across both sources, prepare your self assessment tax correctly, and make sure your National Insurance is calculated properly too, so you're never caught out by an unexpected tax bill in January.

Understanding your tax liability before the bill arrives is half the battle. Most freelancers only find out what they owe when it's already too late to plan around it.

Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income above £50,000. That threshold is being phased down to £30,000 in 2027 and £20,000 in 2028, which pulls more freelancers into digital quarterly reporting each year and creates a new legal requirement for accurate digital records.

We move clients onto compliant, award-winning accounting software well before their threshold is hit, so tax digital reporting never becomes a scramble. If you're not sure whether your qualifying income puts you in scope yet, we'll check that for you as part of onboarding, using the same online accounting software across bookkeeping, VAT and Self Assessment.

Plenty of UK freelancers now work with clients in the US, the EU and further afield. That brings extra questions around VAT, currency conversion and record-keeping that a purely domestic freelance business wouldn't face.

We handle VAT registration when your turnover requires it, and if you're already VAT registered, we manage your returns as part of your accounting service. Foreign currency invoices are converted and recorded correctly, so nothing gets lost between what a client pays and what shows up in your business finances.

Keeping your business finances separate from day one avoids a lot of admin later, and it makes a foreign currency contract far easier to reconcile at year-end.

As accountants for freelancers, we know pricing is usually the first question, so here's a straight answer. Based on our own client projects, sole traders and freelancers filing self assessment tax returns alongside monthly bookkeeping typically pay somewhere between £30 and £90 a month, or £150 to £500 for a one-off tax return. Freelancers operating through their own limited company, with Corporation Tax, statutory accounts and often VAT included, tend to sit closer to £80 to £150 a month. Most UK businesses find that what freelance accountants charge reflects how much bookkeeping and support is actually included, not just the tax return itself.

Sole trader clients usually sit at the lower end of our pricing, simply because there's less to file. Every one of our self assessment tax returns is checked twice before submission, whatever package you're on.

Our fixed monthly fee packages sit within these ranges, with no hidden costs added later, and there's no separate charge just for asking questions during the year. The exact figure depends on your turnover, whether you're VAT registered, and how much bookkeeping support you need each month.

This is a rough guide based on recent client work, and your actual cost will vary depending on your circumstances. We'll always confirm your exact monthly fee before you commit to anything, and there's never a hidden cost added once you're a client.

We give every client their own dedicated accountant, not a rotating call centre, backed by chartered accountants who oversee every set of accounts before they're filed. You get unlimited support and practical advice through the year, not just a once-a-year tax return service, plus unlimited expert advice whenever a decision needs a second opinion.

We built Vexo Accounting to be the accountants for freelancers we wished existed when we were freelancing ourselves. Many of our clients previously worked with a previous accountant who only appeared once annually and only offered tax services, not real tax planning. One client switched after their previous accountant missed several allowable expenses worth hundreds of pounds in a single year.

Our accounting service is built specifically around freelancers, not adapted from a small business template. That's the whole point of a dedicated accounting service. We built Vexo Accounting to do the opposite of a once-a-year firm: a personalised service tailored to your business structure, your income pattern, and how your freelance business actually grows.

We offer tailored accounting services rather than a fixed package that doesn't fit your situation. Our freelancer accountancy services cover everything from your first tax return to advice on your business structure as you grow.

We keep your business bank account, bookkeeping, and tax planning in one place, whether you're a self-employed sole trader or running your own limited company. It's straightforward pricing, a monthly fee agreed up front, and one point of contact who already knows your accounts and gives you expert tax planning advice whenever you need it, not just once a year. As an accountancy firm, we keep your accounting needs straightforward and focused on your business. 

Finding the right accountant matters more than most freelancers realise, because self-employment brings a level of financial admin that a PAYE job never did. Choosing well, early, tends to save far more in avoided mistakes than the accounting service itself ever costs.