Accounting software for UK freelancers
Freelancing is two jobs: the work, and getting paid for the work. The second one is where the software should help.
Invoicing that follows through
Raise an invoice, save it as a template if you bill the same thing again, or set it recurring if you bill monthly.
- Templates for work you invoice repeatedly
- Recurring invoices raised automatically on schedule
- Overdue invoices surfaced on the dashboard rather than forgotten
- Statutory interest on late commercial payments, which you are entitled to charge
Expenses captured where they happen
Photograph a receipt, forward it to your Taxmo email address, or send it on WhatsApp. The vendor, amount, VAT and date are read for you and held for confirmation, so nothing depends on a shoebox in March.
Knowing your tax position early
The dashboard carries a running estimate of income tax, National Insurance and VAT, and a suggested amount to set aside per thousand pounds received. That is the number that makes January survivable.
Common questions
What can I claim as a freelancer?
Costs incurred wholly and exclusively for the business. Mixed-use costs are apportioned, and a few categories, notably client entertaining, are never deductible however business-related they feel. Working from home and mileage can be claimed at flat rates or actual cost, whichever suits you, but not both for the same thing.
Should I be a sole trader or a limited company?
It depends on your profit level, your appetite for admin, and whether clients require it. A company brings separate filing obligations, Corporation Tax, and Companies House deadlines. It is worth an accountant's opinion on your actual numbers rather than a rule of thumb.
Can I charge interest on late payment?
Between businesses, yes, under the Late Payment of Commercial Debts (Interest) Act 1998, along with a fixed sum for recovery costs. Taxmo calculates it and it appears on the invoice reminder.
Last updated 2026-04-25. Thresholds, rates and allowances are indexed or reset at fiscal events and are deliberately not quoted here; check GOV.UK for current amounts.