
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 services do accountants for freelancers typically provide?
Accountants for freelancers usually offer a range of services including preparing and filing Self Assessment tax returns, managing VAT returns, and providing bookkeeping support. They can also help with Corporation Tax if you operate through a limited company, offer tax planning advice, and assist with HMRC correspondence. Many also provide general financial guidance to help you manage your cash flow and plan for the future.
How do I know if an accountant is properly qualified?
You should look for membership in a recognised professional body such as ACCA, ICAEW, or AAT. These organisations require their members to meet rigorous standards of education, ethics, and ongoing professional development. Checking an accountant's credentials on the relevant body's register can give you confidence that they are qualified and regulated to provide accountancy services.
Can an accountant help me with my Self Assessment tax return?
Yes, absolutely. An accountant can prepare and file your Self Assessment tax return on your behalf, ensuring that all income and allowable expenses are correctly reported. They can also advise on how to reduce your tax bill legitimately and help you meet HMRC deadlines. This can save you time and reduce the risk of errors or penalties.
What is the difference between a freelancer and a limited company contractor?
A freelancer is typically self-employed and reports income through Self Assessment, paying Income Tax and National Insurance. A limited company contractor is a director and shareholder of their own company, paying Corporation Tax on profits and often taking a salary and dividends. The tax implications differ significantly, so it is important to get advice suited to your specific working arrangement.
Why should I use a local accountant in Tyne & Wear?
A local accountant in Tyne & Wear offers the advantage of face-to-face meetings and a better understanding of regional business issues. They are familiar with local resources and can provide personalised service that is often harder to achieve with a remote firm. Building a relationship with someone nearby can make communication easier and more effective.
How can AccountingFirms help me find the right accountant?
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