An accountant is someone who helps businesses and individuals stay on top of their financial situation.
When you need an accountant if you’re an individual:
For an everyday taxpayer, the most important thing they do for you is preparing and filing your personal tax return.
Other things that accountants do for you:
- helping you claim expenses
- calculating the tax that you owe
- finding ways to help you lower your tax bill, like showing you which tax-free allowances you can claim.
In the UK, you can either try filing a Self Assessment tax return yourself or get an accountant to file it for you. If you do decide to work with an accountant, make sure they have the basic AAT (Association of Accounting Technicians) qualification.