Welcome to EFM Financials Limited

Offering a full range of Accountancy Services in Suffolk.

Suffolk-based Accounting Specialists

EFM Financials Limited based in Ipswich, Suffolk offer a full range of accounting services to businesses and individuals throughout the region.

We focus on giving your business and tax matters the time and effort they deserve.

As a small and independent accountancy practice, we are able to offer a personal service, so that you are easily able to contact us by phone or email and receive a quick response from someone familiar with your circumstances.

We always aim to deliver a cost-effective service that is tailored to your needs - you choose the scope of our accountancy support for you.

Meet the Owner

Elliot Fraser-Mills

With 8 years of experience in Finance and Accounting, Elliot has worked with a variety of different businesses, within his employment in industry and accounting practices.

About Elliot >

Making Tax Digital (MTD) Compliance

Most VAT-registered businesses are now required to sign up for MTD (for VAT) and submit VAT returns using HMRC-approved software.

There is no need to panic! We are keeping up-to-date with regulation changes and are able to offer support throughout the transition.

MTD for ITSA (Income Tax Self Assessment) is now set to commence from April 2026 for all sole traders.

See below for the dates and income thresholds for the two phases being introduced:

from April 2026, for those with qualifying income over £50,000
from April 2027, for those with qualifying income over £30,000

Sam, SB Carpentry

“I have been working with Elliot and Co. for a good year now, my trade is a small business owner in Carpentry.
The services I have been well supported with are monthly CIS reporting, book-keeping and year-end tax returns as an individual.
Elliot is very convenient to work with, always has my best interests in mind and is very professional.
I highly recommend anyone seeking to use their services!”
Victoria Leigh

“Very professional, friendly service.
I have used Elliot for many years being self-employed and his helpful advice and forward planning is second to none.
I would highly recommend his services.”
Charlie Hucker

“A reliable and valuable service.
I approached EFM Financials seeking some help with tax advice and planning. This consisted of discussing my business structure options and the advantages and drawbacks of each.
I would highly recommend their services due to their professionalism and efficiency.”
Bradley

“Elliot has assisted me with my personal tax returns and been a pleasure to work with.
I worked in the electrical sector self-employed for a period of time and I had all of my tax affairs with Elliot with no hassle.
Very professional but friendly service which I will continue using.”