Freelancer Accounting Services
Accountancy Made Simple from only £89/month
Multiple clients, irregular income, and expenses that don’t fit a standard 9-to-5 template. Caroola gives freelancers a dedicated accountant and fixed monthly fee, whether you’re a sole trader or working through a limited company.
Everything You Need as a Freelancer
Income that changes month to month makes budgeting for tax harder, not easier. Setting aside the right amount as you go, rather than guessing at the end of the year, is one of the biggest differences a good accountant actually makes.
Specialist Freelancer Accounting Support
Our freelancer accounting services are provided by accountants who are technically qualified, industry accredited, and best-in-class with decades of experience, not a generic small business template.
You’ll get your own dedicated accountant, not a shared inbox or a rotating support team.
Support is unlimited, and quarterly check-ins mean your accountant is looking at your numbers throughout the year, not just once and then gone until the next deadline.
- Self Assessment or Corporation Tax tax return, prepared and filed
- Advice on allowable expenses for freelance and remote work
- Cloud accounting software included
- Annual accounts, prepared and filed (limited companies)
- Tax planning reviewed every quarter
- Support switching from another provider
Who are these services for?
At Caroola, we work with freelancers of every kind, whether you’re a sole trader just starting out or operating through a limited company with several regular clients.
We’re also highly experienced with contractors, so if your freelance work looks more like a single ongoing engagement, we can advise on what that means for you.
Managing Money With Irregular Income
A salaried job pays the same amount on the same day each month. Freelance income rarely does, which makes it easy to spend what looks like a good month and come up short when the tax bill lands.
A few habits make this manageable, and they’re most of what a good accountant helps you put in place.
Putting money aside:
Putting a percentage of every payment towards tax as it comes in, not after.
Payments on account:
Advance payments toward next year's tax bill, which catch many freelancers out in their second year.
Allowable Expenses
Home office costs, equipment, software and travel between clients, claimed correctly.
Multiple income streams:
Keeping track of who's paid you what, especially useful once HMRC's Making Tax Digital rules apply to you.
Choosing a structure:
Staying a sole trader or moving to a limited company changes how, and how much, you're taxed.
Why Choose Caroola for Freelancer Accounting?
Built For Irregular Income
Advice on setting aside the right amount as you're paid, not guessing at year end.
Flexible Plans
Our transparent, fixed pricing ensures you know exactly what you’re paying for.
Your Own Accountant
Work with a dedicated accountant who takes the time to understand your business.
Clear Pricing
Our transparent, fixed pricing ensures you know exactly what you’re paying for.
Grows With Your Client List
From your first invoice to a full freelance business, your package adapts.
How Much Does Freelancer Accounting Cost?
Your core accounting is one fixed fee, whether you're a sole trader or a limited company.
Packages start at £28 + VAT a month for sole traders and £89 + VAT a month for limited companies. That covers your core accounting.
As you grow, VAT registration, payroll, or a move to a limited company are added when you need them, priced separately or included with an upgraded package.
Sole Trader
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD ITSA software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Limited Company
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Partnerships & LLP
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD ITSA software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Speak to an Accountant for Freelancers Today
Ready to work together or interested in learning more? Get in touch with the team to start a conversation.
FAQs
- Should I Be a Sole Trader or a Limited Company as a Freelancer?
It depends on your income and circumstances. A sole trader can be simpler to run, while a limited company can be more tax-efficient once you’re earning enough for it to matter. We can talk you through what fits your situation.
- How Much Should I Set Aside for Tax as a Freelancer?
It depends on your income and expenses, but setting aside a percentage of every payment as it arrives is far easier than finding a lump sum when your return is due. Your accountant can help you work out a realistic figure.
- What Expenses Can I Claim as a Freelancer?
Costs that are genuinely for your work, a portion of home office costs, equipment, software subscriptions, and travel between clients, are generally allowable. We can advise on what applies to your specific situation.
- How Much Does Freelancer Accounting Cost?
Packages start at £28 + VAT a month for sole traders and £89 + VAT a month for limited companies, covering your core accounting.
- Can I Switch to Caroola Part-Way Through the Year?
Yes. No need to wait for year end. We manage the handover with your current provider.
- Are There Any Additional Costs?
Not for your core accounting. VAT registration, payroll for employees, bookkeeping, or management accounts are priced separately or included with an upgraded package.
The knowledge hub
Do I Need an Accountant if I’m Self-Employed?
Partner Blog: Funding Questions Every Business Owner Asks
Benefits of having an accountant
IR35 Business Entity Tests
How to Become a Freelance, Self-Employed, Mobile Hairdresser
Making Tax Digital for the Self-Employed and Small Businesses
Making Tax Digital for Landlords
Partner Blog: How to get Funding for Your Business
How to Choose the Right Savings Bank Account for Your Business
Benefits of Tide Business Banking
Why Every Business Needs a Separate Bank Account
