
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant, check their qualifications and whether they are members of a recognised professional body such as ACCA, ICAEW, or AAT. Look for experience with freelancers and self-employed clients, as they will understand your specific needs. Also consider their familiarity with HMRC requirements, their fee structure, and whether they offer services that match your workload, such as Self Assessment preparation or VAT returns.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring you claim all allowable expenses and reliefs. They will review your income records, identify potential deductions, and calculate your tax liability correctly. This reduces the risk of errors and penalties from HMRC. They can also advise on payments on account and help you plan for future tax bills.
Are accountants in Sutton Alresford familiar with local business needs?
Yes, accountants based in Sutton Alresford typically understand the local business environment and the specific challenges faced by freelancers in the area. They are familiar with common industries and can offer tailored advice that reflects local economic conditions. Being local also means you can meet face to face if you prefer, building a stronger working relationship and receiving more personalised support.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA and ICAEW are chartered accountancy bodies that require rigorous exams and practical experience, qualifying professionals to work across all areas of accountancy, including audit and tax. AAT qualifications focus more on practical bookkeeping and accounting skills, often serving as a stepping stone to chartered status. All three bodies require members to follow strict ethical guidelines and maintain continuing professional development.
How does an accountant help with VAT registration and returns?
If your freelance turnover exceeds the VAT threshold, you must register for VAT with HMRC. An accountant can advise on whether voluntary registration is beneficial, help you choose the right VAT scheme, and prepare your VAT returns. They ensure you submit accurate figures on time, avoid late filing penalties, and maximise any VAT reclaims on business purchases. This saves you time and reduces stress.
Can an accountant help me if HMRC investigates my tax return?
Yes, an experienced accountant can represent you during an HMRC investigation, which is known as a compliance check. They will handle all correspondence, prepare the necessary evidence, and ensure your rights are protected. Having a professional who understands HMRC procedures can reduce the stress and potential financial impact of an investigation. Your accountant will work to resolve the matter as quickly as possible.
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